What to Watch for This Week as Markets Continue to Struggle

Early on in my career as a trader, I learned something crucial, and it goes something like this: when there's nothing to do, do nothing.

The bottom line is, markets are shaky right now because investors are indecisive. There isn't anything in the news or other emerging narrative that conveys a sense of enthusiasm about the market and all the news that's on the horizon seems to be bad.

Given the absence of factors that would drive momentum and the lack of buying volume, we're seeing a lot of stocks roll over and sell off. For evidence of this trend, look no further than what's happening with Apple Inc (APPL), which has long enjoyed its status as a go-to "safe haven" stock whenever markets run into trouble. But now, even as other stocks are trying to battle their way back up, APPL has no energy behind it.

That means right now, it's time to keep your powder dry and your eyes sharp for indicators of where markets are going to go. While we haven't hit a full-on correction yet, the S&P 500 is hovering right at a crucial support level, and what we do next will have a lot to do with whether it stays the course or breaks below that level.

For everything you need to keep an eye on this week, check out this video:

Keep an eye out as we look for opportunities throughout the week, and I'll be back in touch.

The post What to Watch for This Week as Markets Continue to Struggle appeared first on Total Wealth.

About the Author

Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.

The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.

Shah founded a second hedge fund in 1999, which he ran until 2003.

Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.

Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.

Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.

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