Daily Alert – Wednesday 13th January 2021: Today sees first tradable sentiment of the week

Mark NugentDaily Alert, Jan 2021

Daily Alert – Wednesday 13th January 2021: Today sees first tradable sentiment of the week

Monday and Tuesday were indecisive from a risk-sentiment point-of-view amid a sparse economic calendar. As my trading themes for the week require either positive or negative sentiment I have yet to enter the market. However, as we speak, we are moderately risk-off and that favours two of my three themes from Monday’s Trading Plan so I will be taking a close look at the charts tonight around the close of the daily candle to see if there is an opportunity.

The US continues to spiral yet further into political tribal acrimony and emotional thinking as the Democrats begin impeachment proceedings against Trump. The markets seem oblivious to these shenanigans.

I’ll be back on Friday with your review of the week.

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