Just when you thought you had all the variable figured into the equation, out of the blue, the U.S. strike Syrian airbases.
The uncertainty of the World Stage is at an all time high right now and I do not see it settling down very soon.
Is World war 3 around the corner? Too early to tell but human nature what it is it is going to take some very fancy footwork by Trump to turn the world right side up.
Is he up to it? Who knows? You certainly cannot figure it out by reading the news! So, the only choice you have is to put all the facts you know together and extrapolate from there. A daunting task to say the least.
As a trader, this is something you need to be actively engaging in. Technical analysis is great but without a backdrop of where we are on the home front and world stage is going to put you at a handicap.
Today, it looks like the Supreme Court will have another Judge. Not sure why they left it to go overnight to today, but barring several Republicans caving that fight is over. I imagine untold amounts of wealth and success along with some blackmails was used Thursday night to change a few votes.
This is not a political fight anymore it is a fight of Ideology with both sides dogmatic in their views of the other side. So dogmatic, I see no hopes of the political landscape turning around in the near future.
That means more volitility in the Stock market for the time being.
The only factor right now that could give the market a shot in the arm is the Fed and it looks like they are in tightening mode. So be careful out there:)
If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.
It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)
Good Luck Today
RickJ
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