In today’s video I discuss what I’m looking for in commodities and why it’s important to consider letting those take a break before thinking about buying. I also cover the /ES and why I am seeing a re-testing of 4100.
We’re close enough to levels below that can have a strong gravitational pull that we don’t want to fight the downside.
Precious metals have surged to levels we haven’t seen in years, and while the charts are still bullish, it may be time for a brief pause. Tonight we’ll look at the technical signals that brought us to where we are, and one way you can structure a theta positive trade in this market out into next week.
The selling stocks we have seen lately is a little different from that of years past. Instead of the quick reset and buy the dip, this action has been more of a controlled demolition. Demolition that is likely to continue until we can see some more significant capitulation.
Hint: It’s not the US Dollar Index and it’s a trend that has just organized that we need to keep an eye on. The idea behind being long US dollars is the aggressive tightening cycle that the FOMC is about to embark on. Here’s how we can continue to take advantage of it.
With rate hike expectations ramping up, what does the picture for hikes look like into May? We also take a look at the trends in the market that are macroeconomically, not headline, driven.
In this video, we look at the huge move higher we had from our overnight session and what that means for the overall market. Are we about to break out to higher levels or is this a head fake?
In this video, we look at the huge move higher in the last several sessions. What to make of it? And what does it mean for the overall market? Are we about to break out to higher levels or is this a head fake? You have to get creative in a market like this and we look at two creative ideas for this type of market and go over the concepts.