Daytrades, Gold, and Crude Oil
Lots going on as May winds down. Gold and crude oil have been on my radar and the daytrades we have been focused on each morning have been productive!
Lots going on as May winds down. Gold and crude oil have been on my radar and the daytrades we have been focused on each morning have been productive!
There’s a few ways to play earnings, and in tonight’s free video we’re looking at COST for the binary event, and MU for the potential of strength into their numbers.
I know basing your actions off dots on a chart may seem like a narrow view, but I continue to find it keeps me on the right side of the market. Let’s look at that in SPY and the targets we should be heading to.
The initial margin requirement and risk for multiday aka “overnight” trades can be an obstacle for some traders. That’s where the flexibility of futures options can help.
While I am trading nimble on the indices, there are some great setups on the daily charts giving us opportunities.
The rollover can stream-roll a lot of futures traders that get the timing wrong on the move from one contract to the next in futures.
This was Monday and I traded it and treated it that way. As we go into the remainder of this short week, I have soybeans, gold, bonds, and crude oil on my radar.