« Stop steamin’ up my tail! »

Are we ripping through the all-time highs or not?
Are those heads-of-state going full-tariffs on each other or not?
Is Britain going for a hard Brexit or not?
Is the Eurozone going to recover or not?
Is there a recession or not?
Are we in risk-on or risk-off mode?
Is the US going to throw interest rates into negative territory or not?
Are the companies going to beat earnings expectations or not?
Is Banca Monte Dei Paschi di Siena going to file for bankruptcy or not?

We don’t know. No one knows. We are tinkering into unexplored territory here. While we are more concerned about the above-cited topics, central bank geniuses are gathering inside their bunkers to discuss what is going wrong with the economy.

They have been swamping the markets with easy money, debt, and low-interest rates for decades and there is no sign of recovery. The money printing process is still on but now with the innovation of negative interest rates. What’s the rationale behind it?

We don’t know and I think the QE Forefathers don’t know it either. The only thing we can be sure is that when they find out that this is not making any sense and it’s not working, and then one single individual screams FIRE!, investors are going to massively dump their worthless assets into the market.

While nothing happens here on the surface we keep trading the weakness of the bulls and the total lack of conviction of the bears.

— “Stop steamin’ up my tail! (slap). Whaddaya tryna do, wrinkle it?”

Bugs Bunny to an infuriated bull —

Chart of the Day

Context is everything

If this was a chart of any of the stocks of the S&P 500 index, would you trade it? In case positive, would you trade it as a bullish or a bearish candidate? Delta or Theta?

What if I tell you that the chart above is Gold Futures (/GC)? Would you change your mind?

Context is everything.

Video of the day

Stop steamin’ up my tail!

“Of course you realize this means war.”

Today’s line up

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches Greg Holmes and Grant Larsen tonight, 8:30pm EST to discuss the Strangle strategy from the new Tackle Trading Playbook.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

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