Currencies are not just the playground for traders in the forex market. There are currency futures and ETFs, and when the US dollar is in play, these offer excellent alternatives. With the Non-Farm Payroll number keeping traders and investors waiting for a rate cut from the FOMC, the US dollar is back to rallying and setting up some solid trend following trades.
Whether it be scanning for pullbacks in ES and YM or the heavier weighted stocks in the index, dollar strength, or the long yen, gold, and bonds position… there’s no lack of opportunity a quick pullback could give traders. Let’s stay ready.
Tonight we’re spending some time on 3 new symbols that I haven’t looked at in the videos before. They’re not your typical options trade, but might be interesting to certain investors.
The Nasdaq made another new lifetime high today and you’ve got several charts that are pushing into uncharted territory along with it. Here’s my take on the names we’ve been most active in and the plan heading into employment data tomorrow.
The desire to pick a top in a market ripping higher is a popular and mostly ill-fated approach. But these three setups not only do not need an equities pullback, but would accelerate if there was one…
We had an active daytrading session with NQ, MSFT, and yen. We’re also managing longer term buys in gold, bonds, and yen as well. In this video I explain why and how to best use the price triggers to enter the trades, or the daytrades if you want to use options for the entry instead.
In this video, we discuss the crazy swings we have had in the last 10 days over the virus scare and what the longer term implications might be. We discuss the S&P and look at levels and where we might go from here.
