| If the Fog of War Has You Off Balance, There’s Always Clarity in Price
By Gianni Di Poce
Stocks are chopping around all over the place today, drifting lower overall.
The energy sector, as tracked by the Energy Select Sector SPDR (XLE) ETF is absolutely ripping to the upside; it’s up more than 3.5% for the five-day and has added more than 1% today alone. A couple of names in the sector especially are doing well. We’ll talk about what a surge in energy means for the bull market’s prospects shortly. Of course, an important reason for energy’s surge is the ongoing conflict between Iran and Israel. Headline risks are elevated but when you're trading a volatile tape like this, remember to stay focused on what matters most - the price action. Nothing else warrants making a decision. And based on what I'm seeing in the tape, there are some reasons to believe this conflict in the Middle East, as serious as it is, may not last very long. Against this backdrop, I'm looking specifically at precious metals; gold is practically asleep at the wheel right now. I also expect something to break either in bonds or the dollar, because the fact that they're rallying together with oil... it's just not going to last long. Here’s what we’ll do about it… Helping You Become a Better Trader...it’s What We Do. Experience TheoTrade® Today! Whether you are a beginning, intermediate, or active trader, you will find a treasure chest of valuable trading education resources, both free and paid, that will help take your trading to the next level. We are committed to helping you become the best trader you can be. Disclaimer: Neither TheoTrade.com or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. TheoTrade PO Box 24790 Christiansted, Virgin Islands 00824
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