The morning daytrades are an excellent way to stay nimble as the economy and “stockonomy” are telling two very different stories. Hit the reset button and start again fresh the next day. However, there are many setups that we are still in on daily time frames in bonds, gold, crude, Russell, XLP, XLY, and more.
Welcome to monthly expiration, where the name of the game is the grind.
Think of this week as the week of potential huge reversals in this asset class.
For now, I am trading a near-term move to the downside in crude, but what happens when we get there? Lower lows? I’m not betting on that…
As the markets remain open for Veteran’s Day, we are reminded that 1) The markets really should be closed! and 2) The volume is light and the week starts tomorrow. Scanning in preparation for tomorrow’s session starts here…
Tonight we’re comparing two very different products. One is a chart that is breaking down and likely has more to go, followed by another that looks to be ready to breakout, along with a few ways to trade that move.
Tonight we’re comparing two very different products. One is a chart that is breaking down and likely has more to go, followed by another that looks to be ready to breakout, along with a few ways to trade that move.
