Trading Plan – Monday 28th November 2022: Covid in China sours the mood

Mark NugentNov 2022, Trading Plan

Trading Plan – Monday 28th November 2022: Covid in China sours the mood

Good morning.

Last week was quiet with the US holiday on Thursday and Friday.

The highlight of the week should have been the Fed FOMC Meeting Minutes on Wednesday. It was a bit of a damp squib with, unsurprisingly, no overt mention of any desire to “pivot” from the current battle with inflation. The markets barely moved. We closed out the week with the twelfth consecutive day of indecisive risk sentiment.

This week starts with some actual risk sentiment – risk-off. Civil unrest in China and soaring covid cases have soured the mood. Equities are down and both the USD and JPY are up. In the video I go through what this means in terms of trading opportunities.

I’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE