“You have to be able to think clearly and act decisively in a panic market. The markets that go wild are the ones with the best opportunity. Traditionally, what happens in a market that goes berserk is that even veteran traders will tend to stand aside. That’s your opportunity to make the money.” – Mark Ritchie
As discussed yesterday, we have been focused on DXY, ZBs and GOLD all trying to get some traction. The odd one out, in terms of USD weakness, has been USDJPY and that’s the chart to watch now as it gains downside traction whilst the VIX tries to perk up.
Unfortunately, still on new video updates as the voice is not fully back yet but you can always refer to the key charts on our radar that we posted on Sunday Week Ahead.
As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.