Do you have any idea what the most important macroeconomic chart in the world right now is? And I do mean right now, as in March 2022… It changes because things are cyclical, but there’s always one asset class/financial instrument the entire financial market hones in on.
Six months ago, it would have been the 10-Year Treasury bond and interest rates. But right now, the No. 1 asset that everyone is watching is oil — and I want to dive into how to trade crude oil using technical analysis.
I’m not surprised at how hyper-focused investors are on crude. It happens a lot during times of conflict and war — if you were trading during the Iraq war, then you know what I’m talking about.
So when Russia invaded Ukraine, it came front and center once again... But the beauty of oil is it’s one of the most technically traded instruments on Wall Street.
One of the best ways to avoid Wall Street screwing us over is by following where the money is flowing.
The market is like this big ocean with several different currents flowing through it at all times. But one of the strongest currents is the money that flows from large funds into the market on a monthly basis.
Hedge funds aren’t always the most creative entities on Wall Street — they’re all trying to get into the same stocks in the S&P 500, Nasdaq or Russell 2000. That means they tend to cluster into the same best-performing names…
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