My account is up almost 9% this week on my 100% commodity related strategy. Even left some money on the table selling a couple of breakouts too early. Most gold miners curiously underperformed the Gold move badly ( except for Monday ).
And I am Long Coffee, really see it catching up on gains in other commodities, great start to the trade so far.
The same thing happens every single time the stock indexes drop a tad. Everyone rushes to say the top is in....every single time.
Indeed. A great example was last night. If you bought the NQ at cash close and sold at cash open you'd be down ~250ish points. But if you bought today's cash open and sold at cash close you'd be up ~250ish points. If you bought the cash close last night and sold at cash close today, you'd be down ~10 points. The same thing over and over again.
Today's market mover are the inflation numbers due out in less than an hour....... Inflation numbers this morning. Uhhhh ohhhh. Less than hour away from premarket inflation numbers that in my opinion will move markets pretty hard depending on the outcome of this number. A super hot number and markets will feel fall very very hard, will be an exciting chain of events to come today.
Pfftttt.....been here for 17 years. In those 17 years I've learned some folks are here to create strife and division. I use the ignore feature a lot.