“Danger for most of us lies not in setting our aim too high & falling short; but in setting our aim too low & achieving our mark.” – Michelangelo
As discussed in our latest Weekly Outlook Video, it’s all about the Central Banks this week and it looks like BOC wanted to step in early and get some of the limelight.
In this kind of context, the trick is to focus on being patient and letting the market come to you. After the action we saw on Friday, it is natural to want to continue to see volatility pick up and to be able to trade a busy market environment. However, the reality is that markets have their own time schedule and especially when all the risk is stacked toward the back end of the week, it is not realistic to expect to see aggressive and sustained action out of the gate as of Monday.
Here are some of the charts we will be discussing today:
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.