There have been a number of events that I would call unscheduled volatility events. Some would call it “news”, but in the end, it does moves markets. Trading news and Using news are two different tactics. Here’s how to handle it.
The effect of the Powell Put (the FOMC drawing a line in the sand preventing lower lows in equities) has been seen since January 4. Could the Huawei news slow down one of two drivers carrying the market higher and which trades are still working as the market waits for the January FOMC Rate Statement?
In addition to these two trades, this is the key level I’m watching on the SPY.
In addition to Brexit, these are my favorite longs and this is the level where I’ll start shorting.
The markets have shrugged off weak warnings in financials, China slowdown, three trade war negative headlines, and a potential European recession. In Powell the Market Trusts. Here’s what I see in this environment.
Gold, Silver, and Copper are telling an interesting story about the current market sentiment with three setups to watch.
