Natty Gas, Crude Oil, and Bonds.
As the market digests Day 1 of Powell’s testimony and prices in a less enthusiastic Sept cut probability, we have weather and bonds, too, set up.
As the market digests Day 1 of Powell’s testimony and prices in a less enthusiastic Sept cut probability, we have weather and bonds, too, set up.
I want to set up the same trade on both of these, and here’s what I’m looking for.
Natty gas rallied sharply, not on inventory numbers, which remain massive, but on weather. Weather has been a consistent catalyst for trades in this market. Here’s the setup I am watching for tomorrow.
Bonds, Energies, and stay Long Equities. I also added XHB, which is a play on bonds, as well as Natty Gas on the watchlist today. Here’s what I see in the current market.
Lots of FOMC events on the calendar. Staying short-term and nimble makes sense. I also revisit some of the newer positions and discuss when and if I will take crude oil off the table.