Will The Bounce Last?
In this video, we talk about the rally we have seen off the lowest and what is driving it. Will we keep going and is this sustainable?
In this video, we talk about the rally we have seen off the lowest and what is driving it. Will we keep going and is this sustainable?
There is a lot of interest in the energy sector and for good reason. Historic moves! But there is also a lot of volatility left in the wake of the May contract chaos. But there are places related to crude oil that are retaining more normal volatility and structure. I explain where and what in this video.
Two big topics here today: How and Why did we short RTY and buy NQ? Two solid trades. Directional bias and post-gap momo was the key! Also, with all the talk and volatility in crude oil, how can we take advantage of this narrative but not get caught in crazy negative moves? Well, first of all, don’t get long in a downtrend (!!!) and second, let’s look at some alternatives.
The American Petroleum Institute to Energy Information Administration is an interesting space for crude oil traders to get the expectations up or down… in this case a slightly smaller build for the API is no reason to celebrate, as I explain in this update.
Sometimes it is good to put the indices on the backburner. There’s a lot that the “grocery store to the world” can tell us about the global economy and equities market… and most of it is not good, and was not even before coronavirus. Here are the trades and trends from the perspective of the commodity futures contracts.