I get this question a lot as a futures trader; some traders do not want to trade the futures contract overnight, so how do we “choose your own adventure” into these setups? Using micros. Using minis, yes, ETFs and their options. Full size crude oil futures are the setup symbol, and in this case, USO calls are our “choose your own adventure” into the trade.
With the US dollar strength and uptrend and energies staging a comeback, there is a lot to like in these two groups and here are the setups.
Bonds gave a big signal this week and that may change how money flows into the market going into next week. Let’s review the signal and what it may mean for stocks.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
After today’s Non Farm Payroll sent gold lower, the question is: Is it still a buy? The answer is yes and here’s the setup.
Here are the zone and the setups for markets that I am getting the most questions on.
The patient looks good on the outside, but the internals are waving red flags.
When you have the complete picture, the markets are much easier to trade and understand.
Chop is not my preference but when the oversold zone looks right, there’s no point in ignoring it…
