CHART OF THE DAY: Planning the Trade and Trading the Plan
A quick note before we get to today's chart…
Join me, Jack Carter, Tom Busby and Don Yocham on this week's roundtable at 10 a.m. ET TODAY, March 1, to hear what we have to say about the line in the sand that fund flows just crossed.
Join us here at this link by 10 a.m. ET TODAY!
Now, on to Wednesday's Chart of the Day…
Happy first day of March! If I had to make a split-second decision today and jump all in, I'd go long gold, silver, notes and bonds, crude oil and natural gas while certain other sectors stabilize.
These commodity and interest rate assets have the visuals of bottoming out and turning. The best strategy, however, is to plan the trade and trade the plan...
As you do that, check out ETFs like SPDR Gold Trust (NYSEArca: GLD) and iShares Silver Trust (NYSEArca: SLV) as examples. Watch how they respond to their 50- and 200-day moving averages. Trades might not set up today, but they could in the days ahead.
Beware the Ides of March and watch out for false signals... I'll write about it on Thursday!
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