The market is about to make a decision.
There is only one decision to make before a big event like an election. Do you buy now or later?
The hardest trade to do is to wait for a decisive break out or break down after the election. This is the right trade.
Today, let’s go over some charts that you can take advantage of this and take a break from all of this deep dive analysis that is happening during the election season and keep it simple by looking at some fresh charts. (Audio)
XLE-Energy is at an inflection point.
Bitcoin broke out and then reversed back in to it’s range.
QQQ-The Nasdaq has a choice to make, either break out or die at resistance.
XBI-A break above 103.30 would be an add signal or a buy signal if you do not have a position.
(Note: Look to buy options after the election.)
TLT-Bonds have a big decision to make.
Gold miners are so close to a break out.
Silver has already made it’s decision.
Major US sectors-Not all of them are pretty but they are all holding their primary trend.
Ugh is it too late to kick bonds out of my pension plan? I never interfere with that thing but 60/40 in a world of populist inflation seems like something I don't want to run for the next few decades. 🙈