This is a common time of year for me to transition to more nimble trades. The transition in the broader averages as well as the unpredictability of the trade war narrative make the timing perfect. Here’s how I am going to do it…
Into next week I’ve got two primary ways of thinking. One fits my bullish stocks with an outlook into June. The other is less directional with a focus on monthly expiration.
Volatility was back with more than a 100 point drop in SPX this week. We did recover into Friday’s close but this kind of movement is great for expiration trading. Let’s look at a few ideas for that, along with our favorite swing plays.
Over the past 72 hours it’s been a process of setting up a monthly tendency in the Pitbull Low, setting up the pullback on US/China, and finding those relative performance leaders.
Did US/China talks help put the Pitbull Low in? What’s next for the markets on this sigh of relief rally?
