A surprise volatility day last week followed my continued strong momentum across many markets. Some are very close to new trade setups, so now it’s a wait and see. Be careful as we could easily see a repeat of last Thursday. I will personally be holding for only the best setups which appear to be developing soon!
Some bearish moves last week with a last minute jobs report to push some money into the markets globally. Everyone benefitted it seems including Bonds and Gold which usually move opposite of bullish moves in equities. Some ETF’s have moved “too-far-too-fast” and hit Keltner Tops which I discuss more about in this weeks ETF’s to Watch!
The markets closed out the week strong with positive earnings reports. Many of the markets are looking good going into next week, but one thing to point out is Gold continues to be in an uptrend and Bonds isn’t exactly falling either. There might be conflicting camps on where the market directions are going, but I lay out clearly how to keep safe and when to move on trades as certain price levels are broken.