Cutting Out the Noise in Volatile Markets

Published on
September 7th, 2017
Duration
22 minutes

Cutting Out the Noise in Volatile Markets

Featuring Dave Floyd

Published on: September 7th, 2017 • Duration: 22 minutes

Dave Floyd is back with the Aspen Trading monthly update, to recap his July calls and set up for what he expects to be a volatile period for markets. While Dave is forecasting some choppy moves for the S&P, he has a range of currency positions in play, as well as the opportunity to trade around the upward swing in gold. Filmed on September 5, 2017.

Comments

  • DF
    Dave F. | Contributor
    29 September 2017 @ 21:08
    Thanks PD S.
  • PS
    PD S.
    17 September 2017 @ 02:29
    great job as always dave. :) (y)
  • JN
    Jill N.
    16 September 2017 @ 23:09
    Any concerns on recent gold pullback Dave ? Thanks
    • DF
      Dave F. | Contributor
      29 September 2017 @ 21:09
      Hi Jill, actually adding in and around current levels.....using options strategies on GLD to express view/forecast
  • DC
    Dave C.
    16 September 2017 @ 15:41
    Kudos on your EUR/GBP & AUD/NZD analysis: strong moves last week. Thank You for making me more attentive to them.
  • DF
    Dave F. | Contributor
    12 September 2017 @ 12:28
    Oddly enough I changed my mind on NZD/USD....went short last night....then prices spiked...sigh. Still short, we will see. The good news is that the stronger NZD (kiwi) helped our short in AUD/NZD.
  • DF
    Dave F. | Contributor
    12 September 2017 @ 02:43
    Hot M....NZD/USD is also a possible long set-up - but as a stand alone - not as a substitute.
  • DF
    Dave F. | Contributor
    12 September 2017 @ 02:41
    Hi Amit - I don't track GBP/CAD....sorry
  • DF
    Dave F. | Contributor
    12 September 2017 @ 02:41
    Hi Simon....Prechter certainly lays the foundation and parameters for EW so his text is a needed read. I also think Dynamic Trading is excellent - less EW heavy but a very practical book...you can tell that the author (Robert Miner) is a trader based on his delivery.
  • ST
    Simon T.
    11 September 2017 @ 08:23
    Nice work Dave, thanks. Is Pretcher the go too on EW? Glad you touched on AUD we discussed,in the last comments. Thanks again
  • AS
    Amit S.
    10 September 2017 @ 15:11
    Hello Dave, thanks for the video, trade on USD/CAD played out as you stated. However, any thoughts on GBP/CAD going forward?
  • NK
    Nicholas K.
    10 September 2017 @ 12:50
    Thank you for your time
  • CS
    C S.
    10 September 2017 @ 11:26
    What way would you trade say AUDUSD Dave (getting positve carry)? Wouldnt be spot would it? (Im not too sophisticated : / Also, if you expect AUD to better USD, and NZD to better AUD, why dont you buy NZD v USD instead v AUD?
  • DF
    Dave F. | Contributor
    10 September 2017 @ 04:07
    Dave C - housing destruction due to hurricanes creates renovation work, not new home building per se....espeically by a 'planned community' builder like LEN. Plus, that would be a short-term pop for LEN and other home builders not a sustained shot in the arm. Regardless, I don't buy the thesis - if it were true price would have already factored that in and LEN would be higher....it is not. I will continue to be or add to shorts.
    • DC
      Dave C.
      11 September 2017 @ 11:20
      Great point. Thx!
  • DF
    Dave F. | Contributor
    10 September 2017 @ 04:04
    Steve A - rate differentials are simply the difference between the prevailing interest rates of 2 countries/currencies. You either have a positive carry or negative carry when FX trading.
  • DF
    Dave F. | Contributor
    10 September 2017 @ 04:03
    David R....DXC bottom? Perhaps, but I would view it as shorter-term in nature with 92.78-94.00 upside
  • DF
    Dave F. | Contributor
    10 September 2017 @ 04:00
    David R....re: China manipulation? Who knows...maybe; maybe not. I am relying on more objective data like previous price action, correlations and various quantitative measures. All of those suggest higher copper prices, thus higher AUD/USD prices. Perfect? Of course not but would rather base my view on data versus speculation.
  • DR
    David R.
    9 September 2017 @ 20:43
    On Friday we finally backfilled the big gap-up in the dollar index from the 2015 opening at 9108. DXY cycle bottom? Euro top? Possibly.
  • DR
    David R.
    9 September 2017 @ 20:42
    China manipulation/stimulation of its economy this year for its party congress in October is the leading cause of those higher copper prices. So watch for the copper (and crude) markets to top & then reverse, as China is the world's biggest consumer of copper, crude & metals. Inventories of both copper and crude are large. Oversupplied. NOT bullish. Copper being toppy => AUD is toppy.
  • fT
    forecast T.
    9 September 2017 @ 15:31
    What's an interest rate differential
    • DR
      David R.
      9 September 2017 @ 20:32
      Interest rates higher in one currency/country than another, in this case AUD interest rates > USD interest rates.
  • DC
    Dave C.
    9 September 2017 @ 13:25
    Thanks for this overview. I have reservations about pulling the trigger on Lennar given potential business in Houston given Hurricane Harvey damage, and possibly Florida as well. Any thoughts?
    • PW
      Phil W.
      9 September 2017 @ 20:33
      When Dave F mentioned that It was the first thing that came to my mind regarding Hurricane damage and Florida as I wright
    • JU
      Jay U.
      10 September 2017 @ 22:22
      It's difficult to say whether the hurricanes are a positive or a negative for Lennar. Lennar has huge exposure to Florida. After Hurricane Andrew in 1992, Lennar had huge lawsuits because of the weak plywood used in the Florida homes that were affected, and the stock price was pretty negative.
  • SJ
    Sy J.
    9 September 2017 @ 12:57
    Please consider an analysis of QQQ. Look forward to your charts every month.
  • EH
    Edwin H.
    8 September 2017 @ 16:56
    Overall real good video. I do enjoy how you cover a vast amount of trades. Keep them coming!
  • DF
    Dave F. | Contributor
    8 September 2017 @ 15:54
    Thanks Andrew F
  • DF
    Dave F. | Contributor
    8 September 2017 @ 15:54
    Daniel J - pips? The universal measurement in FX trading....I am not following you.
  • AF
    Andrew F.
    8 September 2017 @ 15:52
    Thanks Dave. Insightful and clear as always.
  • JS
    Jon S.
    8 September 2017 @ 15:52
    Dave, any thoughts on MUX? thx
    • PW
      Phil W.
      9 September 2017 @ 20:31
      FWIW I like MUX. Just for the fact that Mr McEwen has lots of skin in the game, this of course is on the fundamental side
  • dj
    daniel j.
    8 September 2017 @ 14:42
    Whenever he says pips, he loses me. Not comparing currencies in base terms......well well
  • DF
    Dave F. | Contributor
    8 September 2017 @ 02:51
    Kelly A....thanks - that is exactly how I aim to come across. Stand out in an industry full of chest beating and opaqueness.... Thankfully RVTV provides the platform....
  • KA
    Kelly A.
    7 September 2017 @ 21:50
    Dave, as always, i love your clarity, humility --and willingness to respond quickly to our questions. Awesome. Thank you
  • DF
    Dave F. | Contributor
    7 September 2017 @ 15:44
    AUD/USD has not exactly 'blistered' higher after the thrust from the triangle. Ideally that would have happened. Nonetheless, I/we remain long and will take our cues from the metals markets and to a lesser degree the Dollar Index (DXC)
  • DF
    Dave F. | Contributor
    7 September 2017 @ 15:26
    Hey Jon....I have not added to NGD....have a pretty chunky position already. Maybe add some calls....I dunno. Regardless, I am VERY happy with price action.
  • JS
    Jon S.
    7 September 2017 @ 15:07
    Hi Dave. What are your thoughts on NGD now that it appears to be breaking out with volume. I got smacked down in January, but reloaded in July.
    • JS
      Jon S.
      7 September 2017 @ 15:18
      lol, guilty of not finishing video......thanks for the view point on NGD!
  • DF
    Dave F. | Contributor
    7 September 2017 @ 14:58
    EUR/GBP spiked higher this AM.....but prices are retracing those gains....shorts still look valid. Looking to add/replace