We continue to stress the need for a modest pullback in order to have some firm footing beneath a continued push higher moving forward. These are the reasons why and levels to watch.
The bottom line here is creating a disciplined approach to trading that works for you.
Regardless of where or what you end up doing on "Black Friday", please refrain from doing the following.
There are always opportunities in the market, it just requires one to understand that they may need to alter their trading plan to include markets and opportunities that they have not previously considered.
The price action in gold over the course of the past few months has been perplexing to say the least
Retail traders are becoming more and more interested in what futures have to offer as an addition to their investment portfolio.
Remain fluid with the markets and do not get caught being dogmatic in your views.
While I believe today's market action to be a knee jerk reaction, what it speaks to is the "jittery" nature that will exist around Fed speak and key economic data in the months ahead.
While Q3 earnings have been an upside surprise, it is my belief that this market is less concerned with fundamentals and remains infatuated with the easy money policies of the Fed.
I am going to provide you with a very basic understanding of the relationship and how the retail investor can use the information.