This Week’s Trades And Webinar (The Cestrian Circle Newsletter) (Copy)

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by Alex King, CEO, Cestrian Capital Research, Inc. 

A modest selloff through the week resolved with a bullish look in the Nasdaq, the Russell and the Dow, but still on the fence in the S&P500. And it remains the case that where the S&P500 goes, the others follow in the end.

At Friday’s close, $SPY was sat right at its 21-day EMA, which is as good a line as any between good and evil, bull and bear.

Not yet a convincing rejection of the worries that haunted the market earlier in the week. Monday’s close will be determinative - if the S&P drops back down below its 21-day EMA then we can expect several days of weakness at least; a close convincingly over the 21-day and that is likely the signal for the market to head off to the races with SPX8000/SPY800 in its sights.

Inner Circle Webinar Replay - From Monday 8 June

Every week in our Inner Circle service we host a live, open-mike, ask-us-anything webinar. Here’s the most recent one.