Two Things To Watch for in Gold
The gold market has transitioned into chop and that will change the way I treat the current long position.
The gold market has transitioned into chop and that will change the way I treat the current long position.
Separating a trading approach of overnight daily time frame trades (often using options) and daytrading has been the key to managing this market.
In this video, we look at the continued run higher in the market and what to make of it. We look at levels, where we might go and how to trade it.
Using the price movement ranges for the hour overlapping with the inventories release, we can trade exhaustion after the initial reaction. It’s a simple bread and butter setup and I walk you through it in this video.
Whether you’re convinced the worst is behind us, whether you’re waiting on a pullback, or are doubtful, the alternative has been staying nimble and daytrading this market.
ZM has been a hot name here lately, and the volatility before today’s earnings was a direct reflection of that. I’m usually looking to sell volatility in situations like this, and these spreads are one way to do that.
We’ve got several symbols to review tonight with everything from AAPL to AMZN, Nasdaq and gold, along with fresh trade ideas on AMD and MSFT.