Walk-through of today’s daytrades
Powell on the calendar and the gap in YM made a big impact on how we traded and managed the day.
Powell on the calendar and the gap in YM made a big impact on how we traded and managed the day.
In this video, we look at the incredible move the market has had lately and talk about what is driving it. We also talk about what to watch for in the near future, as I expect more volatility to come.
I have received quite a few questions about where my focus is in the currency market right now and it continues to be simple: Short US dollar. I discuss how and at what level in this update.
There are a number of currencies that I am looking long in, as well as the 30-year bond and gold. For indices, we are going to focus on relative outperformance in sectors and stocks since the index futures are still choppy.
We still have all of the moving averages on our side on the Daily, but not on the 120 minute chart.
It’s important to adjust your surfboard to the size of the waves…
Since the election, we have seen the market continue to rally with a brief pause today. Here’s where I am focused for continued strength. (hint: Not NQ).