Trying to catch a bottom or top isn’t just about price. It’s a 3 dimensional chess board.
History doesn’t repeat itself, but it does rhyme, which is what the bonds are telling us right now.
It’s not just the data that traders have to be aware of, it’s Powell shortly after the NFP. Traders who are short — like we are — should be especially aware that Jerome Powell could start hinting at the future direction of rates. A little dovish tone and equities will not hesitate to correct higher.
Shorting rallies still. What could cause the next rally and derail the current open trades? Powell. Also, how do we trade runaway markets like gold and bonds? I’ll show you that and more in this video.
Finding connected and confirming setups is more important than ever. Here’s how to build trades around a major move and getting more and better setups from it. It’s the way I build all my trades.
Crude, XLE, XRT, XLY, FB, AMZN, NQ, ES… we were busy. Here’s the breakdown. A thorough look at the current trades to kick off the New Year.
