In his weekly video, Peter Reznicek analyzes the post Fed broad market and explains a simple way to scan for relative strength or weakness for swing setups.
Peter Reznicek notes that the volatility contraction in the markets resolved itself to the downside on Tuesday as expected. Although caution should be excercised ahead of the Fed, odds are increasing for further weakness for the rest of the week.
Peter Reznicek notes that the market continues to create the "russian doll setup," which indicates a contraction in volatility ahead of the Fed. Also a bullish call on 2005's stock of the year, Titanium Metals (TIE).
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