Coach Mark here.

I really enjoyed the Trading Justice podcast yesterday with my brother Matt. You can listen to the entirety of the podcast here. We had a lot of topics of discussion but one that stood out was how much we have going on this week but how little of significance there is from a “big picture” standpoint.

There are tons of economic reports this week. Consumer confidence, ISM manufacturing, home data and many more. We also have a lot of Fed speakers…I think 4,000 (although I might be exaggerating the number slightly but it certainly feels that way). However, amid all the speakers and all the reports there really isn’t any one report that feels like it can change the narrative. That can create excitement or fear. Lots of noise but not anything a trader needs to trade around.

That creates an interesting backdrop as we head into the week in an overextended environment. In fact, we titled the podcast “Navigating Overextended Markets” and that is what the next little stretch feels like. How do we navigate bullish conditions that are overextended in this environment? Check out the podcast for our two cents in answering this question.

Also check out the special webinar held by my brother Matt tonight on YouTube titled Swing Trading 101. It has been a great Swing Trading stretch over the last month and Matt is a fantastic teacher who can get you started on the swing trading path.

Have a fantastic Monday!

Chart of the Day: Gold Futures

Lots of noise this week and certainly enough noise this week to help send gold over the recent resistance level if it is so inclined. A sustained move over 2000 here would be VERY interesting.

Today’s lineup

Traders Lounge 11 AM EST

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Halftime Report 12:30 PM EST

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Weekend Reports

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