Trading Plan: Monday 17th December 2018

Mark NugentDec 2018, Trading Plan

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Trading Plan: Monday 17th December 2018

After last week’s gloom I am hoping for a better, final week to the year. Equities are nicely poised at support so a short Santa rally would be welcome, and might take YTD performance of all the index managers into positive territory and avoid them having to tell their customers how they worked for them all year and managed to lose them money.

The USD has been strong but there’s a Fed meeting on Wednesday where concerns about 2019 may crystallise in Fed Chair Powell’s statement, causing the USD to fall. This also has an impact on our ability to trade FX more widely, as all currencies bar the USD are down and we need a rising currency to pair with anything we may short.

Finally, GOLD is at support (now resistance). If we stay gloomy, this could be the long we are looking for.

Have a great week.

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Trading Plan: Monday 17th December 2018

After last week’s gloom I am hoping for a better, final week to the year. Equities are nicely poised at support so a short Santa rally would be welcome, and might take YTD performance of all the index managers into positive territory and avoid them having to tell their customers how they worked for them all year and managed to lose them money.

The USD has been strong but there’s a Fed meeting on Wednesday where concerns about 2019 may crystallise in Fed Chair Powell’s statement, causing the USD to fall. This also has an impact on our ability to trade FX more widely, as all currencies bar the USD are down and we need a rising currency to pair with anything we may short.

Finally, GOLD is at support (now resistance). If we stay gloomy, this could be the long we are looking for.

Have a great week.

Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

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