One scenario I'm watching for tomorrow is the IWM/QQQ relationship. Q's have been beaten down and earnings are a smattering of good, bad, and meh. IWM has been riding high with flying trash leading the charge. We could see that relationship pivot back to where it was before the last couple of weeks, with Q's going back up to previous high and IWM falling back into chop. Not guaranteed at all, but Q's are oversold and IWM has a beautiful downward setup. Certainly a weird dynamic to have both follow the same path over the short term.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)