I’m really liking the looks of both Coffee and Nat Gas, but I simply cannot yet re-engage the Grains. Tonight I’d like to update a few favored ideas with specific target objectives while also urging caution regarding others, such as the grains.
Volatility came in a good deal during the March expiration. With this recent contraction are we near any kind of support? We’ll look to the Bollinger Bands for assistance in making that decision, along with thoughts on one of my favorite sentiment readings.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Trading comes down to 3 things: technicals, timing, and trader positioning. This week we saw positioning get wrecked, signs are for a bit more upside wreckage into quarterly expiration. Let’s review the setup.
After a turnaround-Tuesday it seems like the original knee-jerk reaction from the fed hike completes the process of the market pricing this in. In this video I discuss why I can’t be short anymore, but for starters I’ll be cautiously bullish.
In today’s video I discuss my thoughts on commodities and equities for next Monday and Tuesday specifically. It’s been interesting to see more larger time-frame squeezes develop on an up trending week. I wonder if it’s a bump in the road to eventually keep heading higher.
Between Voodoo Lines, and Voodoo Roadmap, Fibonacci clusters, and more, everything pointed to a TSLA move higher today.
As traders, our primary job is to follow price — not to predict. With that being said, I’d like to make some predictions for trade into the end of the month, and suggest a level that may offer some great risk reward into the end of the quarter.