Oil is Soaring, Will Russia Invade Ukraine?
Happy Valentine’s Day! In the chatroom, I made only one trade this morning and it was amazing. I have posted my recap on my AMD trade here. It was a very nice ABCD Pattern that later turned into an excellent 9/20 TradeBook strategy play.
In world news, Russia did not attack Ukraine over the weekend, and further diplomatic talks are under way this week. The German Chancellor is in Kyiv today and then tomorrow in Moscow. The market in Europe sold off heavily on Monday (by over 2%), but in the US, as I am writing this newsletter, the market is almost flat. More than anything to do with Russia, it is inflation and pending interest rate hikes that are on the minds of traders. Oil prices were soaring last week, and are currently heading toward $100, which makes the following meme quite relevant for Valentine’s Day.
We are holding a very important webinar tomorrow as part of our focus for Tuesday Strategy. Starting at 8pm ET, Thor will be presenting a discussion on Level 2 and price action reading. Please ensure you attend and, if you are not yet an Elite member, I encourage you to upgrade your membership at our special Valentine’s Sale rate of only $99 per month (billed annually). You can review the details here.
In addition, all new members are welcome to join our Monday Onboarding class commencing at 7pm ET tonight. Carlos, Mike, and I will be leading it.
To your success,
PS: Did you know that Ed Martin and Brian Pezim send out regular newsletters containing weekly market recaps and trading ideas? You can sign up here for one or both of their swing trading newsletters (I recommend both!).