Rollover Gaps Setup in Gold
As we roll from August to December in gold, the pullback opportunity could come by way of a rollover gap close.
As we roll from August to December in gold, the pullback opportunity could come by way of a rollover gap close.
As the tendency typically goes, “don’t short into the FOMC” held and the bullish bias rules in place since June 10 delivered once again. In this video I also explain levels for entry in gold, bonds, and crude as well as options on the daytrades in the indices.
I like stocks like this, where they aren’t influenced by the general market.
There is a lot of potential action this week. This is what I’m doing.
Using the catalyst of the API to EIA inventories as a window, and the volatility the EIA will trigger, let’s use some historical volatility levels to find where I will be looking for a buy zone after 10:30 AM ET tomorrow in crude oil.
Despite the 2nd half of the day weakness, I do not want to be short into the FOMC. I also discuss the importance of separating the day into two, and how I focus on the 1st half of the US session. I also cover how I use ETF options to daytrade at aggro levels — something that many members want the flexibility to do.
I see a trio of setups in ADBE, ADSK, and CRM. I’m going to trade a trio of butterflies and spreads. Let me show you the setups.
Last week, we heard from TSLA, NFLX, and MSFT (all of which have new setups) and this week, we are awaiting AMZN, AAPL GOOGL, and FB. I’m expecting this week to be volatile, but I’m also continuing to trade favorite COVID winners: PTON, ZM, CRWD, NET, and more. Check out the setups here.
In this video, I explain different ways to short the US dollar, and against which currencies.