Next week is a big week for the markets, The ECB will meet next Thursday and most likely take the deposit rate into negative territory for the first time ever, this could also be accompanied by some kind of easing operation. Its not out of the question to see both things happen The big question is has the market priced this in? My guess is that it has. So is there a huge bazooka that will be used next week and will it be a big disappointment?We are trading at S&P all time highs and these events could give us the opportunity to get into some extended stocks on the short side. The Discussion and speculation will dominate all the news stations in the early part of the week. Thursdays news event will be followed by our own jobs report on Friday again this should bring some more volume and volatility back into the market. Smart money will let the dust clear before establishing new position into the news. The Cowboys will have there hands full this week.
Myself... I have my eyes set on a fast trade in MTZ and a great selection of HPS stocks. $DNKN is back on the Best Bet list and I break down the trade into buy trigger and type stop this is in detail in the video. I also outline about 5-6 shorts that i will consider later this week. Utilities and precious metals could be the goto sector next week and this is also discussed. The first part of the video I do a educational review of stochastics and what to pay attention to when taking a trade. I attached some charts to print out for reference
