Trading Plan – Monday 6th November 2023: Bad US data drives equities up

Mark NugentNov 2023, Trading Plan

Trading Plan – Monday 6th November 2023: Bad US data drives equities up

Good afternoon.

Last week finished risk-on as the markets felt the chance of another Fed hike has all but disappeared after a slew of poor data (NFP, Average Hourly Earnings, Unemployment Rate, Services PMI). Equities soared and the USD dropped like a stone. This was all very good for me as I was in S&P500 long as you know. I closed it on Friday night for a gain of 3.36%. Nice.

We have a very sparse financial calendar this week. The highlight is UK GDP which isn’t saying much.

However, we do the daily work, and we do not take our eye off the ball.

As always, I go through my trading themes for the week in the video.

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