When the market is shaken up by unscheduled news events like today, it’s easy to get caught up in chasing the market. Instead, look for exhaustion. Get what you want to trade right, and how you trade it becomes much simpler.
A lot of traders have been waiting the overbought zone on daily time to exhaust and retreat, and what we had today was a 3x the daily typical price movement range in gold.
On a big gap up day, there are daytrade fade shorts to take — those worked great — and there are weak stocks to fade. Here’s the game plan.
I am bullish going into next week, despite the choppy range the broader markets are currently in. How to find lower ends of the range for fade buys are covered in this video as well.
Which sectors and stocks are relative outperfomers in this environment, and how to find oversold buy opportunities right now.
With the breakout of the last two sessions, is gold ready to make its move?
We have the 1st of the month anchor and rolling 10-day in play to the long side in a number of key markets, including gold, yen, and more.
