Update on gold, bonds, natural gas, and the dollar
I review the morning’s action for our daytrading in the room today as well as recap the daily time frame trades.
I review the morning’s action for our daytrading in the room today as well as recap the daily time frame trades.
In this video, we look at the charts and talk about what caused the sell-off today, as well as some of the wild swings we have been having lately. We are in a hyper sensitive news driven market and moving in both directions. We discuss what levels are important here and what we might expect.
Despite today’s move lower (slight move lower!) in equities, the compass is still pointing north.
If you missed the original setups zones, I have a 15 minute bullish pullback for you.
Sometimes when it is tempting to dive in, the best thing to do is wait for the next wave.
It’s important to trade the pattern, not the stock.
When we are setting up positions — like the long positions in the NASDAQ and Russell today — during the clearing/opening range, it’s wise to think about alternative entries. Here’s how we did it today.