Has Dull Trading Finally Ended?

Published on
May 11th, 2016
Duration
14 minutes

Has Dull Trading Finally Ended?

Technical Analysis ·
Featuring Dave Floyd

Published on: May 11th, 2016 • Duration: 14 minutes

Dave Floyd of Aspen Trading brings his in-depth macro and technical framework to assess the market moves of the moment, providing a timely mid-week update with fresh insights and actionable trades.

Comments

  • JS
    Jon S.
    19 May 2016 @ 16:40
    thx, Dave
  • DF
    Dave F. | Contributor
    19 May 2016 @ 14:01
    .....also looking at longs in USD/NOK as oil prices are under pressure.
  • DF
    Dave F. | Contributor
    19 May 2016 @ 14:00
    Jon - I/clients went long USD/CHF yesterday post Fed - our adjusted stops were triggered this AM for a profit. Re-evaluating longs on a pull-back here. I am encouraged though....
  • JS
    Jon S.
    19 May 2016 @ 02:31
    Dave, have you seen enough in dollar strength to put on your trade? What is your upside projection? thx - Jon
  • DF
    Dave F. | Contributor
    16 May 2016 @ 20:13
    Tom - thanks for the question. I would rather chew tin foil that try to analyze and trade JPY. Plus, my track record trading JPY in the past would suggest you don't want my opinion/forecast!
  • T.
    Tom ..
    15 May 2016 @ 06:39
    Thanks Dave. Great as always. Wondering, do you have a view on JPY? Hard for me to see how it doesn't eventually weaken but I'm looking for a defensible place to get long USDJPY...
  • WM
    Will M.
    14 May 2016 @ 15:50
    Dave provides real trade recommendations for RVT viewers and excellent commentary. Great stuff.
  • DF
    Dave F. | Contributor
    14 May 2016 @ 00:29
    Dollar and gold can rally at the same time - not the correlation of recent memory but certainly no rules against it
  • cr
    chris r.
    13 May 2016 @ 20:14
    If the Dollar does rally back to the 100 range, gold will not keep running which would be bearish for NGD especially since its up 300% this year. With that said I still enjoy the segment.
  • MM
    Mathew M.
    13 May 2016 @ 12:37
    Thanks Dave. Always look froward to your videos. Cheers Mat
  • DF
    Dave F. | Contributor
    13 May 2016 @ 00:52
    ....I am not looking to micro-manage these trades at all. In fact, I believe these could be really big home runs in the months/years to come.
  • DF
    Dave F. | Contributor
    13 May 2016 @ 00:51
    Hi Matthew - a double in NGD is not only still possible - it has already happened from the lows earlier this year. IMO the bull market in gold & gold minders is still in the early stages...
  • DF
    Dave F. | Contributor
    13 May 2016 @ 00:49
    Hi Lilly - yes, that certainly could happen. Correlations are always in flux and a strong DXC; strong gold could well play out. Never discount anything....
  • LC
    Liliana C.
    12 May 2016 @ 22:36
    Hi Dave, thx so much for insights. Could u comment on strong dollar v strong gold/gold miners? Can they both exist? Thx! Lilly
  • DF
    Dave F. | Contributor
    12 May 2016 @ 21:08
    Thanks Ewan and you are more than welcome...
  • JF
    Jonathan F.
    12 May 2016 @ 18:19
    Spoke too soon... thanks for your commentary.
  • JF
    Jonathan F.
    12 May 2016 @ 18:13
    Dave, you have mentioned your gold trades but I don't think we have seen your analysis. Can you comment on gold?
  • EM
    Ewan M.
    12 May 2016 @ 09:10
    Brilliant! Thanks for the update Dave. Always look forward to your videos!
  • TS
    Thomas S.
    12 May 2016 @ 03:16
    Great stuff Dave! Seems like RP is short gold for now though, expecting a pullback through early summer
  • MM
    Mathew M.
    12 May 2016 @ 02:44
    Dave, You spoke last of a double not being out of the question w $NGD. Are you somewhat less bullish? Love your insight. Thanks, Mat
  • DF
    Dave F. | Contributor
    11 May 2016 @ 23:38
    ....current pull-back off yesterday's highs unfolds in only 3 waves and turns back up that adds conviction that DXC is starting a sustained move lower.
  • DF
    Dave F. | Contributor
    11 May 2016 @ 23:37
    Hi Timothy - thanks for the question. Today's 'low' is not really a low in the traditional sense and really has no technical relevance. What is key is the May 3rd low - if that holds and this....
  • TH
    Timothy H.
    11 May 2016 @ 20:36
    Thanks for the update, Dave. The DXY hit a low of 93.72 today--is this still in line with your point about a temporary pullback? How low could this go before it's necessary to reconsider the thesis?
  • DF
    Dave F. | Contributor
    11 May 2016 @ 18:21
    My pleasure Matthew
  • MC
    Matthew C.
    11 May 2016 @ 18:11
    great one Dave - thanks!