This volatility means a trader needs to revisit their watchlist often and look for shifts in strength and weakness on both the monthly and daily rankings. Here’s how I do that, and a few markets that are on my radar.

If you still have your analysis pointing to more downside (I do) and you are looking for shorts, consider relative performance laggards. Those names are just a step behind everyone else rallying this in “bad news is good news” environment.

The production cuts in crude oil could not beat the hype and crude oil is trading lower because of it. Classic “buy the rumor and sell the news” scenario. Once we have a narrative on a market and can confirm it with the trend and technicals, we can start to look more broadly at other markets it will impact.

We revisit the importance of the currency lineup and look at what other symbols can help determine the path index futures (and risk!) will follow each morning.

This setup involves the (free) Propulsion dot indicator, waiting on the price trigger for the underlying futures contract, and then pricing calls in the TLT ETF. Here’s how to put it all together.

With gold trading at the top of the distribution market trend resistance, I am ready to short this contract again, but after some more discussion, we decided to short this instead. Watch today’s video to see what we chose and why.