For now, the markets shook off another escalation in the trade war. Despite the few sessions of selling off. Despite the distribution market trend, there is still optimism out there. Let’s see where the focus is the day after the meltdown and what we need to keep our eyes on.
In a market meltdown there will be some opportunities and setups. The idea however, in the uncertainty of unscheduled events and events that could escalate, is to focus on relative outperformers. Here are two from yesterday and how they performed today.
Living in South Florida since the early 80’s I am familiar with the storms that roll through and markets experienced a hurricane of their own. But like hurricanes, sell-offs don’t last forever but they can leave a mess behind. Here’s what I see as the clean-up begins…
If you’re looking at your trading book (aka your open positions) and today was rough… this video is for you.
When the market is going through a correction like what we saw today I try to buy products that offer diversification and those showing relative strength. Two of those fit that idea, and then we cover a third that’s more of a general area of support that’s worth making note of.
