It’s tough to be too bearish going into the New Year. Yes there is a window dressing rally underway that is often met by a window undressing sell-off, but I want to remain bullish until structurally there are short setups. Here’s what the market looks like to kick off the week.
Shorting the Euro offers three ways to build the position: EUR/USD itself, Euro FX futures, or Euro/USD ETF, and you can trade puts on the latter two.
USB, EUR/USD, as well as what to do on the “no breach” daytrade morning and what it means to the remainder of the day, plus multi-chart watchlist building with UTX as an example.
There’s something to be said for sticking with what’s working, and this is the third week of TSLA printing money. Based off these signals, I think we’ll see more of that into next week.
Stocks continue to trade inside an end of year utopia and I think we’re going to see at least two more days of that. Let’s review some of the charts that should perform the best should we remain in that environment and my plan as we move into 2020.
I’m looking for this melt-up to last into Dec 31, and then this is what I’m doing next.
If you are looking for rationality, you are looking in the wrong place. Here’s how to play it.
