Stocks Didn't Really Rally Because Of The Rate Hike; SMH And Robinhood Markets Are Ready To Run

Summary The most bullish part of the FOMC meeting wasn’t the rate hike; it was the clarity it gave investors. Crude is still driving the market’s short-term swings, and there’s reason to believe it may not go higher, and a nearby inflection point that could indicate a correction. SMH, QQQ, and a select cohort of chip stocks all look ready to run. HOOD has a uniquely compelling “E” (Expected Growth Story), and all other PRIME factors are bullish over three time frames. FabrikaCr/iStock via Getty Images By Geoff Bysshe “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” The day-to-day interpretation of the direction of the market is very much This article was written by MarketGauge 1.88K Followers Follow MarketGauge was founded 25 ago years by successful floor traders turned hedge fund managers. Their experts have over 100 years of diversified experience as professional traders, technologists, and educators. MarketGauge’s mission is to provide strategic and actionable information that empower novice to professional investors and advisors to surpass their financial goals. We accomplish our mission with educational courses, proprietary trading tools, and proven quant-based models. MarketGauge’s core philosophy is to identify both the biggest macro trends and emerging ones using our proprietary tools / indicators and proven trading models. MG employs short-term tactics derived from years of highly successful floor trading to precisely maximize profits and minimize risk. Price action is the primary driver. However, MG layers in fundamentals as well. MG is committed to trading with a methodical, systematic and repeatable approach. MG believes that is the key to success. Their philosophy is counter to the commonly disseminated tactics by many Wall street analysts. They believe that passive management and buy and hold is downright dangerous. Furthermore, all MG’s investing models include track records with daily and weekly updates. Their performance is always transparent. Since inception, MarketGauge has supplied market analytics to some of the biggest financial institutions such as Barron’s, Fidelity, as well as thousands of individual investor and active traders. Their insights can be found at Benzinga, Stocks and Commodities, TalkMarkets, Investing Shortcuts, AAAII , and Traders Library. CBS MarketWatch rated our twitter feed as one of the top 50 to watch for financial information. Each Market Gauge expert has a special focus and domain within the company. Their unique skill sets are all linked together from their common experience, and a commitment to risk management. They all use the same indicators and tools.