Short Covering & FOMO Fever Powering Stock Markets

HoweStreet

I talked with HoweStreet.com yesterday about the markets and what is unfolding and how to play it.

This video shows the charts and thinking of what is to come this week/next as the rising wedge blow-off top takes place and gets everyone emotional (short covering / Fear of missing the next rally)

As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is an incredible year for traders and investors.  Don’t miss all the incredible trends and trade setups.

Subscribers of my Investor and Swing Trading Newsletters had our trading accounts close at a new high watermark. We not only exited the equities market as it started to roll over in February, but we profited from the sell-off in a very controlled way with TLT bonds for a 20% gain, and we closed out another winning trade last Friday.

Chris Vermeulen
Chief Market Strategies
Founder of Technical Traders Ltd.