Did You See These Huge Market Warnings?

Posted by Joe Duffy | Apr 2, 2024 | Joe Duffy's Trading Advantage | 0 |

Lots going on under the hood. Commodities are exploding higher … copper, cocoa, sugar, gold etc. US Treasury Bonds got killed on Monday. The US Dollar is making new swing highs. None of these things are traditionally associated with a stock market rally. Even given all that, I am thinking we need and will see some sort of event to change the market tide fairly dramatically.

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The reason is that in most markets that get this far overbought, there is usually a catalyst to change the sentiment. Until that happens I am on the sidelines. I have had a good active trading run since last October lows. As I have said often trading is 65% patience, 35% execution when the set up shows up. So just be patient for now.

Thanks,

Joe

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Joe Duffy

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