Hey friend,
Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for April 5, 2023
Inflation fears have elevated in the past couple of trading sessions due to rising oil prices, falling dollar, and falling 10-year bond rates, renewing talk about recession.
When the dollar falls, this is considered inflationary because goods imported become more expensive. Falling 10-year bond prices are viewed as a signal for recession.
The fact is that all of these data points have been very volatile, just like the market itself. We still have a very strong economy with very low unemployment, even if sentiment is recessionary.
On a technical basis, the NASDAQ is still above 12,000 (possibly retesting support at this level, which was previous resistance) and above the 200-day moving average, both of which are bullish. We also had a reverse head and shoulders mid-March.
The March Non-Farm Payroll number comes out on Friday, which is likely to show a weaker number than last month, but nothing inflationary or recessionary.
The bull-bear debate continues, and the improving inflation picture (one year downtrend) favors the bulls.
The most important factor is the Fed, and he is nearly done raising interest rates, so time is also on the side of the bulls.
Recommended Strategy
FIRE Trader – This is a strategy perfectly designed to take advantage of a market that’s favoring the bulls.
A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
I’ve also:
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Charles Green
Senior Market Analyst, Traders Agency
