In today’s video I discuss our “hurry-up and wait scenario” in gold and silver. I discuss wheat and corn and why I am expecting both to take out previous highs and continue that trajectory for the rest of the year. I also look at /ES to discuss the uniqueness of February volatility and why it’s important to expect a very snappy week next week.
A lot of what I trade on Friday will depend on what happens Thursday night, but these are three names I want to keep in focus for the weekly expiration.
The setup for the buy in gold triggered. Here’s the zone that the buy triggered and a recent example in NVDA.
In this video, we look at the current market action, talk about the charts and where we might go. We started the year off with a strong January, and February is looking good so far. That being said, the indices are looking a little extended in my opinion. We are past the latest economic data and the FED meeting and mostly through earnings season, so what is next for the market?
Earlier this week I provided a plan of waiting patiently to enter or add from lower. Thus far, the market has not been so kind as to provide that opportunity, but tonight I will explain why I am sticking to my guns.