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Jan 7th -11th 2019 sector and index weekly overview



Good morning
I hope you are having a great weekend. What a crazy ride last week after the disappointing guide from APPL which hit the markets hard on slowing earnings and trade war concerns. Then on Friday we had a surprise from the Fed chair with a much more accommodative tone in a presentation with former Fed Chairs Yellen and Bernanke. While that was nice to see technically there is still a lot of damage out there. Equities are still guilty till proven innocent but as I have said repeatedly that even in bear markets there are always trading opportunities. As a matter of fact the bounces can be extremely intense and dramatic but they can be short lived so you have to be nimble. That does not mean trying to buy into every bounce. You have to wait for your setup or just sit on your hands and watch which can be very frustrating. It is better to stay on the sidelines and wait than to force trades you aren't comfortable with. You may miss out on some runners but at least you won't be losing money because you tried to chase. We could be looking at a very intense week of volatility ahead and in the video I explain why. I hope you find it worth your time. Pro members please take note that I went through the trade plans I had on the site and deleted some that I no longer liked and edited the remaining trade plans to current market conditions.


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Last weeks stocks to watch and their performance for the week.

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Economic Calendar

SourceMarketwatch.com

Highly anticipated earnings for next week

Source Earnings Whispers .com