So many great trends for the swing trader this week! In a nutshell, most markets have great trends forming, while energy is turning bearish, gold is running sideways, and equities rule! This week I share some of the trades I’m in, and trades I’ve won and lost in July. Profits are far outpacing losses.
Looking across the global markets, one has to wonder, when will all these ‘nay-sayers’ will be right and these markets will make the “big correction” that is looming. Well, things are slowing, but the trends haven’t broken. Volatility has had small spikes, but has always recovered.
The earliest signal is the drop in energy (Crude Oil and Natural Gas) and the increasing investments in US Treasury Bonds and Gold. So my tactic is to start spreading out my trades over bullish and bearish positions to protect against any big surprises next week.
More trading analysis in this week’s ETFs to Watch!
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!