The thing is the numbers are all over the place today. You have some that came in below the consensus, some above so the PA is all over the place as well. Today is a great day for a range trader but is a killer for a trend trader.
CPI tomorrow
- Thread starter redman
- Start date
The thing is the numbers are all over the place today. You have some that came in below the consensus, some above so the PA is all over the place as well. Today is a great day for a range trader but is a killer for a trend trader.
I'd say metal stocks are back to being short duration range bound trades here. Energy stocks look poised to rally subject to ongoing news. Biden almost seems desperate here selling off even more reserves that suggests to me a demand surge is coming out of China. Some of the best trades I see are small caps on a defined range.
Now if broader markets surprise by rallying even harder, there is a risk that the metals trade becomes super bearish for gold/silver but bullish for copper. I'm not saying this will happen, but I'm paring my mining positions back on every opportunity the short term risk reward isn't great anymore.
yeah i mostly got stopped out trying to trade uvxy during the chop early, so i stopped ... grrr
at least boil im in for a swing, its headed slowwly up
Bad numbers but market up seems strong market to me.
Hey fat thing, you better play nice or I'll cut off your cookie supply...
i traded es today and made about $2k in about a few minutes of work and done for the day. let's see what tomorrow will bring.