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No Clear Direction From Here
As the market tries to get back to the all-time high, we continue to look weak. As we are in a news-driven market, we can go either way. My plan continues to be bullish, and the higher we go, the more hedging I will add.
The Setup in Gold
While it may seem gold is contained and stuck in a range (it is) there is a zone that long positions can be bought in, and in this video, I outline that zone for buyers.
Rallying into Resistance
Step back from the trade war chatter and hopium and 60 billion in “not Quantitative Easing” QE… and we simply have the NASDAQ, S&P, and Dow closing in on previous overbought resistance levels.
With Expiration in Mind
Monthly expiration is always a unique point in time for options traders. Tonight we’ll look at a few names that, when analyzed in a chain vs a chart, reveal a few other helpful bits of information.
Bonds and Bond Proxy Buys
This is one of the best ways to take advantage of the long bond/short yield narrative that continues in the markets. Here’s how to set it up.
A Chance of Chop?
We’ve seen so much action in both directions in the current market. Could we take a pause and spend some time consolidating next week? If we do, these are 3 tickers to keep in mind for that type of trade.
Phase 1 of the Trade Talks
The current rally in anticipation of a Trade War truce and progress on the many fronts of the US/China trade war have carried the ES, NQ, and YM to their (nearly) overbought levels once again…
Measuring Trade Talk Price Action
I don’t look to the tweets, headlines, or the stock market… take a look at the message the soybean market and US dollar/China yuan are sending as the word is that “China talks went very well today”.
