My take on the market vs. the economy

The Hawkeye Traders E-Letter — Your No. 1 Source for Volume Trading Insights

Hi Trader, With bullish activity across the board for most of the week, it seems the markets have been very excited about economic reopenings. The S&P broke 3,000 on Tuesday and continues to show upward momentum. The Dow cut through 25,000 like a hot knife through butter and is tickling 26,000. And the Nasdaq seems on its way to achieving new highs, having already rebounded to pre-corona levels. Now, all this bullishness is great… But what's confusing for a lot of traders is the fact that the markets don't seem to be aligned with the current state of the economy. Of course, you could spend hours listening to the financial talking heads discuss their theories on why this is… But do you want to know my take? Here it is… It doesn't matter. See, that's the beautiful thing about technical trading. We don't concern ourselves with why markets are acting the way they are. We simply focus on what the markets are doing… Where they're heading… And how we can capitalize on it. You see, at the end of the day, markets are made up of people… Their money, their hopes, their fears… and their greed. It's just that sometimes, there's a lot more fear and uncertainty going around than at others… Which can lead to wilder, more unpredictable swings. But this is precisely why a technical approach trumps trading based on fundamental analysis and "sentiment"... Because trying to accurately gauge market sentiment is ultimately a guessing game. See, as technical traders, we rely on strategy… Technique… And tools to help us stalk advantageous trades like a hunter stalks his prey. Of course, here at Hawkeye, we believe that the foundation of any technical trading strategy should be the ONLY indicator that actually leads price action… Volume. So if you're new to the idea of technical trading or would like to know why volume is so vital to your success as a trader… Click right here to view a no-cost training course and discover how this powerful tool can help you in your quest for trading success!

Another +$2k Day… Jump In While There's Still Time

We've been telling you about the red-hot day trading strategy Ross Givens is using to collect payouts from the market every single day… And yesterday was another BIG winner. Check this out:

See that Estimated PnL? $1,925. … in ONE day. Now, in Wednesday's live training session, Ross said that his goal was to have this course pay for itself within a week… But if we see a day like this again on Monday, then it will have paid for itself TWICE in a single session. Tap Here To Learn How You Can Take Part In This Once-A-Decade Opportunity Now if you're not quite up to speed, here's the deal… Starting Monday, Ross is going to be live trading this simple, rules-based method right alongside you. Every day for five days, you'll log on at 8:00 a.m. Central time, and you'll see Ross fire up his own personal trade account… And walk you step-by-step through the strategy as he runs it in real time. It just doesn't get any simpler than that. Now this event was capped at 100 people… But we had a few last-minute cancellations… Which means you still have an opportunity to get in. Just click right here to watch a brief video that will explain all the details… And don't miss out on your chance to pull quick, easy profits just like this $2K in one day!

Crude Corner: Oil Industry Insights, Market Analysis and Price Outlook

Oil futures moved lower on Thursday after industry data showed a surprise increase in United States crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease. For the week ending May 22 United States stockpiles rose by 7.9 million barrels, the United States Energy Information Administration said. Analysts had been expecting a draw of 1.3 million barrels. Data from industry group API showed United States crude stocks rose 8.7 million barrels in the week to May 22, against analyst expectations for a 1.9 million-barrel draw. Also weighing on prices was uncertainty about Russia's commitment to continuing deep output cuts ahead of a June 9 meeting of the Organization of the Petroleum Exporting Countries and its allies, a grouping dubbed OPEC+. Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia, according to OPEC+ and Russian sources. Reportedly, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further "close coordination" on output restrictions on Wednesday. With United States WTI holding above $30 a barrel, OPEC+ will be watching to see whether United States shale oil producers, who have breakeven prices in the high $20 to low $30 range, step up production. Click here for more insights, analysis and outlook on this week's crude oil action!

The Hawkeye Team

Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com

Call us: (888) 233-8598

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