“You still see solid growth, but there’s growing signs of a slowdown, and it’s a bit concerning” – Fed Chairman Jerome Powell

Is this the beginning of a pivot by the FED? You be the judge, but at least the Fed is now acknowledging what we’ve been harping on since August. 

Stocks are grinding higher, and a multi-day/week rally could certainly be in the cards, especially with falling bond yields, and trade talks loosening up.  A U.S./Chinese trade deal – Will that be the start of a new bull market.  No chance in our mind, but wouldn’t that be a great short selling opportunity?  Think about it. We’ll manage the range with a bearish bias on U.S. Equities. 

The USD is getting hit hard this morning, likely because of Powell and Clarida’s comments of slowing growth as well as the idea that US/China trade talks are loosening up. 

Not much else out there for us to discuss.  I did post our ranges below and how to use them – Risk manage these markets by booking gains when you have them!!  Have a great weekend. 

Actionable Trading Ranges:

SP500: 2670-2800 (Bearish Trend)
VIX (Cash): 14.70-23.00 (Bullish Trend)
OIL: 55.00-60.50 (Bearish Trend)
GOLD: 1195-1240 (Neutral to Developing Bullish Trend)
10YR: 3.05-3.20 (Neutral Trend)

The ranges highlighted above are dynamic and what I deem to be the most important information the market gives us on a daily basis.  Identifying whether a market is bullish or bearish trend is the easy part, but timing your trade entry and exit points is paramount when it comes to managing risk in the market.  Our strategy is simple, buy at the low end the range, sell at the top, manage your risk in between and ALWAYS trade in the direction of the 3 month trend and fundamentals

Bull and Bear Market



Feel free to reach out to John Caruso at jcaruso@rjofutures.com or 1-800-669-5354 if you’d like to get a 2 month free trial of our proprietary trade recommendations by email. 

Also, be sure you sign up for our exclusive RJO Futures PRO simulated demo account here.

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800-669-5354312-373-5286Series 3 Licensed

John Caruso

Senior Market Strategist

Follow John on Twitter @JCarusoRJO. John began his career at Wilshire Quinn Capital, a Wealth Management Firm based out of Los Angeles, California. John made his move to the commodity industry at the end of 2005, and began his path at Lind Waldock, at the time the largest retail brokerage division worldwide. John did his undergraduate work at Robert Morris University in Pennsylvania from 1999-2003, where he was a 4 year varsity basketball letterman.  A self-professed “Macro Trader”, John uses a multi-factor fundamental and “quantamental” trading model in distinguishing market cycles based upon the accelerations or decelerations of growth and inflation metrics. His technical and quantitative approach is heavily reliant upon trend and market range analysis via a custom built standard deviation system in helping him make probability-based market decisions. John is an avid reader of all things pertaining to finance, and behavioral economics. Click here to sign-up for John Caruso's Trading Coach Insights. Daily information and insight on all futures marketsin ranging from metals to equities.

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