I know I’ve mentioned this before, but whenever we have a big holiday — like Memorial day — we typically have a fragmented week that starts out slow and then tends to pick up the pace after a few days.
But things might be a little different this week because volatility on the SPDR Dow Jones Industrial Average ETF Trust, an ETF that tracks 30 large-cap U.S. stocks in the Dow, is declining. If volatility on the Dow continues to go lower, there’s a good chance DIA will break even higher.
I still have my eye on the iShares 20 Plus Year Treasury Bond ETF because if the bond market continues to move higher, it means there’s less pressure on stocks. This could also signal to the broader market that the worst inflationary pressure is behind us.
The New Money Crew strategies put another solid week in the books last week…
We didn’t see the fireworks we had with Walmart, but Wiretap, Weekly Blitz and Alpha Sweep alerts each scooped up meat-and-potatoes returns while Project X got off to a hot start with a nice win in Suncor Energy calls!
With those wins in our pocket, I have a few more bullish names to put on the New Money Crew Weekend Watchlist for the short week ahead…
The Average True Range is a technical indicator that measures volatility by decomposing the entire range of an asset price for that period. Simply put, a stock experiencing a high level of volatility has a higher ATR, and a low-volatility stock has a lower ATR. The ATR may be used by traders to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The ATR does not indicate the price direction — rather, it is used primarily to measure volatility.
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