Having conviction for the overall direction of the market is one of my main keys to trading. In this video I walk through two trades in crude oil today and why that conviction was so important to the entries.
It’s tricky to trade in front of holidays but there are a number of setups on our Radar and open so let’s dive in.
Although the markets are ugly here, these sectors are setting up to move higher.
It takes some patience but letting the market come to you does have its advantages.
Whether it’s short euro/long dollars, short crude, short tech, or regional banks… looking for the downside keeps delivering. Doesn’t mean we can not be selectively bullish… I talk about that too in today’s update.
