Today we had a “risk-on” type of day, which we haven’t seen in weeks. What does it mean?
There are moves that are happening in the currency markets now that show central banks are really on the move… to lower rates. It’s not just about “forex” gang, it’s about how to take advantage of some of the best trends in this market right now.
Today’s rally seems to have brought the bulls out in force, but it’s really a great time for the bears to go shopping. Here’s what’s happening on our watchlist.
These are still the main markets on our radar and here’s what’s setting up.
Natural gas, Crude oil, and RBOB gasoline continue to setup trend trades in this weak sector.
Today I am taking a longer term rising bias view on PHM. This is seeing some excellent bullish signals on the Weekly Chart to look at getting long, including a bullish signal on The Compound Breakout Tool. For those who are interested in learning more about this indicator, and how it can help them get great entries for profitable trades, feel free to join me tomorrow in the free webinar I will be hosting. This webinar will also be recorded for those who can’t attend live.
