The markets remain in one of those periods where clarity, confidence and believable don’t exist. Despite that fact many still want to try and pontificate direction, opportunity and trades. I am not one to say you can’t trade or invest money, but I am saying that I don’t find much that is worthy of the risk currently. Simply put.. cash remains my favorite sector. We can talk about theory and analyze what might happen if… but, in the end it comes down to a risk/reward relationship. If the reward doesn’t warrant the risk why invest the money? Yes, I am conservative by nature and thus I am unwilling to invest against my nature.
With that said tonight I am posting a video update that is our trading notes in movie format. While it may not get an Emmy award it does give you plenty to consider, my thoughts, outlook and views of the seven asset classes and the major market sectors. There are some ideas that are setup for trades and I discuss what levels we would need break below to be interested in the short side of the markets. Watch and fell free to send any questions.
Tomorrow ends the trading week… watching to see if the bounce off support finds more buyers, do the sellers step back in to test support again or do we trade sideways and limp into the weekend. Stay focused, patient and disciplined.
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