During the arms reduction agreements with the Soviet Union, Ronald Reagan famously said, “Trust But Verify.”
This idea seems appropriate now, with the recent announcements from North Korea. There is reason for cautious optimism, but wisdom would dictate a “Trust but Verify” approach.
The same concept applies to trading. We have opinions about what the market is doing, or should be doing, but we need to gather evidence to support our expectations before acting on them.
In this weeks video, I review the reality of price action in the S&P 500, Gold and Oil and offer my current analysis and projections.
Also, yesterday, I held a “Saturday Scanning” session where I looked for and identified some great trade candidates for the upcoming week. You can watch a recording of that session by Clicking Here.
Take care, Trade Safe, Keep your winners BIG and you losers small.