Most mathematical models aren’t going to do very well with the moves we saw today. You can spend your time trying to force that to make sense, or you can just trade what’s in front of you. You can make sense, or you can make money. Fortunately most of our positions have been doing both … Read more
The DPMRs were on display as the corrections in gold, crude, S&P, and Nasdaq hit entry levels. These type of entries are the perfect way to take advantage of the exhaustion levels and it’s the best strategy for the current trends.
Every day there are tons of trading opportunities — the key is in how you filter them. Let’s look at that and what’s on tap for tomorrow.
The calendar often dictates the watchlist for the day. Tomorrow will be Mario Draghi and the ECB’s turn to influence market psychology. Will Super Mario talk the Euro lower and rally the greenback? What are the setups in the futures and currencies in that case? How does that affect our winners in gold and silver? … Read more
These are the specific signals I watch to dump longs and set up short positions.
In this video, I dive into what continues to be the most productive strategy we have for this type of trading market. (Yes, that’s right, there are different types of trending markets!) Gold was a winner with this strategy, the Dow has continued to deliver, as has the euro and pound. Silver and crude oil … Read more
A lot of good movers today as we get geared up for the earnings onslaught — here’s how I’m managing them and what I’m looking for next.