Bonds and Home Construction Opportunities
For some traders, futures is a scary thing. For others, it’s the launch-pad to more and better trades. Here’s an example of the latter: Long Bonds and Long Home Construction ETF.
For some traders, futures is a scary thing. For others, it’s the launch-pad to more and better trades. Here’s an example of the latter: Long Bonds and Long Home Construction ETF.
Some key oversold levels in the broader indices and heavily weighted sectors contributed, but the market is expecting J. Powell to cut this month and save the market, and for some progress with China next week… I am not holding my breath. Remember the upside will be the overbought resistance and double tops we just sold off from.
This is how you do short term and long term at the same time, same instrument, same account.
Sure, there were fireworks in the indices (I am still bearish) but the trade that went below the radar was the US dollar sell-off and the euro short it set up. Here are all the details for the setup.
Two weak (awful in fact) ISM numbers this week, a 92% likelihood the J.Powell & Co. will cut rates on the 30th, and a lot of hopium. A miss in the NFP (what I am expecting) would be enough for the market to test Thursday’s lows. Here’s what is on my Radar.