Up and Away for Mid-Caps?

Featuring Dave Floyd

Technical analyst Dave Floyd, founder and president of Aspen Trading Group, is bullish on mid-sized U.S. stocks. Citing a strong technical setup, Dave makes the case for an ETF that is already trading near all-time highs. Filmed on July 10, 2018.

Published on
12 July, 2018
Topic
Technical Analysis, US Economy, Trading
Duration
4 minutes
Asset class
Equities
Rating
7

Comments

  • DF

    Dave F.

    24 8 2018 13:41

    0       0

    Finally seeing IJH kick into gear here. The move back above $201 should give the bulls some momentum. Unrealized gains of +2.5% thus far.

  • DF

    Dave F.

    24 8 2018 13:39

    0       0

    IJH finally kicking into gear here. The move back above $201 should give it room to run. Unrealized gains of about +2.5% as of now.

  • A

    Aaron .

    19 7 2018 22:17

    0       0

    Thanks for the confirmation bias! I feel mid is the best cap out there right now from a different technical perspective and from the idea that they maybe are more sheltered from tariffs and interest(borrowing) costs.

  • RM

    Russell M.

    18 7 2018 06:19

    0       0

    Nice and concise.

  • RK

    Robert K.

    13 7 2018 23:39

    1       0

    Buying at a high - you have ballz of steel. Respect. Will follow how this evolves, good luck.

  • DR

    David R.

    12 7 2018 20:47

    0       0

    Although EW emphasizes trading each market individually on its own merit, I imagine that your coming US stock gains correlate with a big dollar collapse that we see ahead. After its 13-month, 5-wave impulse collapse from 104 to 88 on DXY, the dollar has completed (or nearly completed) a 5-month corrective recovery in 3 waves, setting up for a huge 3rd wave impulse lower for the dollar even more vicious than its aforementioned decline, possibly taking the DXY into the 60's by next year.

    Like the year ended January 2018, but worse, we expect the next and bigger dollar collapse will likely more than wipe out nominal gains in US stocks, especially after tax.

    One can only guess at the "catalyst" FWIW, but some with connections already suggest that after the NATO and Putin meetings, Trump will begin a tweet storm against the Fed to intimidate them into lower US interest rates and get a lower US dollar. In our opinion, this is likely to crash both the US bond market and the US dollar, like in January but orders of magnitude worse as one may imagine with such an open, unprecedented direct interference from the executive branch... Brace!!

  • RF

    Richard F.

    12 7 2018 10:29

    6       15

    Ahh, so the secrets to trading lie in some mystical series of impulses and corrective waves that no one can quite explain and when coupled with an overlay of ratios for price retracements and extensions based upon a unique series of numbers discovered by an Italian mathematician in the middle ages, have the key to riches.

    One thing we can probably be fairly sure of is that trading the Aspen Trading Group way you will never buy a house in Aspen.