The S&P 500 hit new all-time highs again today, and while Elliott wave patterns suggest that there is even more upside, my focus remains on waiting for pullbacks to buy.

The long-term patterns in crude oil continue to favor much lower prices. But it’s dangerous to jump on this idea without a short-term signal.

In today’s video we’ll examine what on the surface looked like a setup that I would normally take when daytrading the morning. But in this case there were specific warnings and math that steered us away. Complicated? Not at all. You just have to know what you measure.

Crude is a new uptrend and a buy, but the risk is still high when looking at the range from aggressive entries to the stop loss. So here’s how to manage that risk and still get a piece of crude.

If you’ve been waiting for bonds to trade lower into the zone, your wait is over. As news of a tariff compromise hits the equities market, bonds have traded lower and right into the overbought zone.