The Week Ahead
... key charts and levels
"No man ever steps in the same river twice, for it's not the same river and he's not the same man." - Heraclitus
Markets continue to trade heavily, unwinding the election ramp and moving toward downside magnets / key supports:
After last week's jobs data, inflation watch is back in fashion and will likely be the focus as everyone scrambles to try and figure out if we indeed have to price out rate cuts for the year and maybe even start 'thinking' about the possibility of hikes.
Please stay nimble out there; traders will have to deal with a lot going into this week: we move into December OpEx, choppy seasonals into the MLK holiday week, heightened uncertainty into and post-inauguration, and no clear end in sight for the horrible L.A. fires and their economic impact as earnings season kicks off.
We will be discussing and focusing on many key dynamics and levels in play, not only for action into the long weekend but also from a higher time-frame/cyclical perspective. However, for the sake of simplicity and within the scope of these "Week Ahead" posts, here are some key charts:
NASDAQ 100 E-mini Futures
Invesco S&P 500 Equal Weight ETF
U.S. Dollar Index
US Government Bonds 10 YR Yield
Light Crude Oil Futures
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Wishing you a great week ahead.
Disclaimer
This Substack is not an alert or trade signal service and does not offer investment advice. You and only you are responsible for the trades or investment decisions you make. Authors are not registered investment or commodity advisors, brokers or dealers. Please do your own research.