Daytrade Bias, Gold, Copper, and Bonds
We’re sticking with the long side for the daytrades and looking for longs in gold, copper, and bonds.
We’re sticking with the long side for the daytrades and looking for longs in gold, copper, and bonds.
Good things come in threes, and I think I’ve got a trifecta of symbols that are worth your consideration. Let’s take a look!
Stock indexes traded through a volatile range on Friday as three members of FANG reported quarterly results. Bulls are still in charge, and while we could pull back at any time, these are the names that should continue to lead the way higher.
Daily copper moving lower with equities has set up a trend following swing buy, here are the details.
This weekend will dictate whether the market is heading higher on Microsoft in talks to buy TikTok (think: Better US/China talks) and Congress coming back next with progress on the next stimulus. Add the month-end outflows and new month inflows and we have the makings of some risk appetite next week.
This is why we trade the path of least resistance…
An amazing week. Let’s end it on an amazing note by trimming and trailing into the weekend.