The volatility in currencies has implications on metals. Take one look at the sell-off in silver and gold after the FOMC-speak that hit the markets this afternoon. I cover trade management for today’s alerts as well as the Canadian dollar after the Bank of Canada raised rates today. Lots to cover!
Although it is difficult for me to get excited about buying stocks that are so far away from the mean, there are plenty of setups like these two.
These are the lower risk trades I’m setting up for the rest of this week, and a cautionary tale I’m seeing in the stock market.
The alerts we sent out were all about staying on top of the corrections lower in many of the uptrends we have had on our radar. Today we got three of them. Letting trades come to you may not always feel comfortable, but pullback entries are the best way to enter trends, and here’s what … Read more
Gold, bonds, Euro, and Pound; I am taking all three into the weekend. Here is what to look for next and why the moves are likely to continue. It has a lot to do with harmony.
When markets begin to defy logic, it’s all too easy to think we know why, and then start trading them in a “more advanced way” — in this case, looking for a pullback. Knowing that the best traders are slaves to price, I approach the market like a 6-year-old, buying the pullback and selling extensions. … Read more
In addition to an all-day flight, we’ve got poll results on where bitcoin is going next.