The trends are in full force and I’ve been closing out a number of profitable trades last week. Volatility has been rather uncertain, but with the proper trade distribution the profitable trades can continue to ride in. What’s hot and what’s not though?
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!