As King George III Asked The Colonies in 1776, “What Comes Next?”
Is this violent volatile range truly news-driven, or is there something else at play here?
Is this violent volatile range truly news-driven, or is there something else at play here?
I don’t look to the tweets, headlines, or the stock market… take a look at the message the soybean market and US dollar/China yuan are sending as the word is that “China talks went very well today”.
The chop is still bearish on the broader averages, but in the video I take another step past the averages to the heavily weighted sectors and where opportunities and relative strength are presenting an edge.
In this video, we look at the crazy swings we are having and the need to be fluid in taking sides in this market.
This morning we daytraded Visa (V) as that name triggered a clearing range break as the XLK offered better overall clarity than the NASDAQ futures and QQQ. This is what futures trading can do: Understand the market from a 40,000 foot perspective.
The US dollar buys are looking great against the euro and Australian dollar. Energies are still setting shorts on bounces and I take a deep dive into the futures and ETF options chain which has been a big request from members.