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Equities Soften After 3-Day Rally, "This is a Trader's Market"
Manage episode 479008120 series 3645668
Kevin Green says the current market environment is made for the traders. He adds that it wouldn't be surprising to see a stall or slight pullback after the 6% move higher over the past 3 trading sessions. In terms of levels for the S&P 500 (SPX), he sees upside resistance of $5600 but cautions about walls that could be partially due to increased hedging positioning from Thursday's final 30 minutes of trading. Kevin does acknowledge that liquidity is improving, but reiterates the need to "keep your head on a swivel" for any market swings. Then, KG examines the post-earnings reaction to Google's parent company Alphabet (GOOGL).
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4496 episodes
Manage episode 479008120 series 3645668
Kevin Green says the current market environment is made for the traders. He adds that it wouldn't be surprising to see a stall or slight pullback after the 6% move higher over the past 3 trading sessions. In terms of levels for the S&P 500 (SPX), he sees upside resistance of $5600 but cautions about walls that could be partially due to increased hedging positioning from Thursday's final 30 minutes of trading. Kevin does acknowledge that liquidity is improving, but reiterates the need to "keep your head on a swivel" for any market swings. Then, KG examines the post-earnings reaction to Google's parent company Alphabet (GOOGL).
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – / schwabnetwork
Follow us on Facebook – / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - https://schwabnetwork.com/about
4496 episodes
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