Investors are awaiting this week’s hearing of Federal Reserve Chair Jerome Powell. Investors will be watching for clues about the Fed’s trajectory for rate increases. European Central Bank officials defended the necessity for additional interest rate increases. US equities showed minimal movement on Monday, finishing barely above their session lows. Investors were preparing for this Read More…
Analyzing the trade from last week on YM and seeing if there are any adjustments we can make. Hourly chart entries for traders who still believe in the bullish move. Trader mindset announcement. The trade Last Monday, we looked at a long trade in YM. Let’s go over the updates and see if there are Read More…
Looking at the recent price action in CL. There are trade opportunities for a range-bound trade and a breakout trade. Spinning top spotted on the 3-month chart and what it means for the rest of the year. Overview Crude has been a range trader’s dream as black gold remains within a tight 5 Dollar range Read More…
Gold retraces from its downtrend, offering bears a short opportunity. Trader mindset announcement. Last time we looked at Gold On February 24th, I mentioned how we should be sitting on our hands until we saw a potential short squeeze in GC futures. Sometimes we just have to accept the fact that there are no opportunities Read More…
Analyzing the Yen’s continued slide against the dollar. Fib levels, VWAP, and RSI all point to a continuation in bearish price action. Inspirational story about a Yen trader. The slide The Yen has been sliding along with most other currencies against the dollar. 6J futures are down 7.5% since the start of the year. The Read More…
US stocks fell in February due to economic data and statements made by Fed officials. The Conference Board’s consumer confidence index went down to 102.9 this month. European equities ended higher for the second consecutive month. As investors continue to speculate about whether interest rates will stay high for an extended period, US equities concluded Read More…
