Tag: CARZ

Bulls must Hurdle and Sustain above S&P’s 2700 quickly or Market Will Fall Under its Own Weight

while several indicators remain supportive of further pullback, return of oversold conditions on an intraday basis might help putting put a short-term floor under the market. However, the bulls must hurdle and sustain above S&P’s 2700 or market will work off oversold conditions and fall under its own weight. With that said, the longer the index stays below 2700, the more vulnerable it is to lower prices

Trading Strategy – First Trust NASDAQ Global Auto ETF

  One of the noteworthy developments in recent days has been the move in car makers.  The group has been under some selling pressure in recent days after Donald Trump withdrew from the Obama-era 2015 nuclear deal reached between Iran and six major powers.  The move sent gas prices higher, hurting auto sales and consumer […]

Trading Strategy – First Trust NASDAQ Global Auto ETF

  One of the noteworthy developments in recent days has been the move in automakers. The groups were under selling pressure after Donald Trump has escalated the threat of a trade war with Europe, warning that the US will slap a tax on cars made on the continent if the European Union (EU) retaliates against […]