Market Holding Higher Despite War
The dark shadow of war is now over Eastern Europe. Russian forces are continuing their attacks with the fighting getting closer and closer to the capital, Kyiv. Ukraine’s military has successfully stopped Russia from achieving its goals on the first day of the assault. The U.S., Europe, and other countries announced new sanctions yesterday against Russia and the Kremlin said it would retaliate. Thankfully, there was a small sign of a possible way out of the war this morning when Russia indicated that a Ukrainian offer of neutrality was a move “toward positive”.
Also this morning, as I am writing these words, the market has held its gains from Thursday (although in these volatile times, no one can be certain about the afternoon!). Many of us traded SQ in the chat for a very nice 1-minute ORB. You can watch the recap that Brian and I posted here.
I hope everyone has enjoyed a prosperous day of trading and that you are excited about the coming weekend. I have a race on Saturday, and after that I will fly to another region of Patagonia, El Chaltén, to take in some further running and climbing. Please follow me on social media for news and videos. I am mostly active on Twitter and Instagram.
To your success,
PS1: If you are not yet an Elite member of our community, our Valentine’s Day sale continues. You will receive 50% off of an Elite annual membership and you will also receive access to every single webinar, mentorship class, educational resource, literally everything that Bear Bull Traders offers. You can read all of the details here.
PS2: This weekend is the perfect time to practice your trading in our free web-based market replay tool. It is conveniently available 24/7, whenever you are, and we have just finished upgrading it to better meet your needs. You can check it out here