Trading Plan – Monday 17th February 2020: White House considers tax incentives to buy stocks
Events and Calendar
A quiet week on the economic calendar.
Corona virus was an ever-present threat in the background.
Indecisive, then moderately on, then moderately off.
Russia fails to agree or disagree with OPEC production cut proposal.
US equity indices all close at new all-time highs.
WTI moves back to support after breakout down.
GOLD consolidates above resistance.
EUR moves decisively below support.
Sentiment is indecisive as of 1600 GMT today. The US is on holiday for Presidents Day. In the video I go through what i will be looking for in the markets this week. With the White House considering tax incentives to buy stocks, it could be another boom year for US equities.
Have a great week.
VIP Club members can watch the video HERE