Bonds, Euro, and Patience
The patience to wait for our zones of entry in chop is especially important when setting overbought and oversold levels. Here are a handful of setups on my radar, including how I am trading the bond entry today using TLT.
The patience to wait for our zones of entry in chop is especially important when setting overbought and oversold levels. Here are a handful of setups on my radar, including how I am trading the bond entry today using TLT.
In this video, we look at the FED announcement today and how the market reacted to it. We also look at SPX levels and where we might go into the end of the year.
If the broader index doesn’t give you an opportunity, look inside it. Heavily weighted stocks and sectors often will have setups. In this case, the S&P futures did not pullback enough for a “buy the dip,” so I looked elsewhere, and in this video I show a couple of setups that have triggered.
It’s tough to sit on the sidelines as a daytrader, but sometimes that is exactly what the best idea is. FLAT IS A POSITION… that’s a sticky note on my desk. And it’s saved my a$$ a time or two. We also have some interesting pullbacks in financials and I walk through — in detail — how I build these positions here in my office. It’s simple, and it’s a way futures traders can be fluent in any market. That’s what I want you to be: Able to trade anything and control risk.
In this video, Raghee walks through the bullish relative outperformers that are the main focus for long positions in the current environment. As long as the path of least resistance is higher, prioritize the long side.
That means the bullish narrative is looking clearer, especially now that the technical picture is confirming strength. Here is the outlook on crude as well as crude oil stocks.