TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to focus on the US markets and how he is trading at the moment. At the start of this month TG outlined why he thought a broad US market pullback could actually be good for the markets through a rotation of money into lagging sectors. We now follow up to get TG’s thoughts on the 3 week pullback.
TG shares some interesting breadth data which shows just how overheated markets were. He also outlines what he is looking for in the charts to signify if a turn back to the upside is coming. As TG says it’s more about short term trading strategies right now.
Click here to visit TG’s Profit Pilot website to keep up to date on what he’s trading.