Good morning, everyone, and a happy new week to you. And, unlike last week, we get a full five days out of this one. This is one of those stretches of the year (from now until Thanksgiving) when we won’t be interrupted with any more holidays.
It’s pretty much “green on the screen” pre-open today, with the ES, NQ, and crude oil all up about half a percent or so. It wasn’t exactly a news-rich weekend, and the first couple of trading days this week are devoid of anything substantial on the schedule.
The ES, shown below, continues to march higher. The only point of concern for the bulls should be that modest failed right triangle I’ve drawn. And I emphasize “modest”. The supporting uptrend is quite clearly intact, and I think it’ll take another shock-events, maybe from the world of the China/US trade war, to rattle things up again.
There’s a big ol’ post in the hopper which I’ll publish later this morning. It’s a more sophisticated post from our fellow Sloper The Director, and he’s got some options trades for you to consider. I’m grateful to him for putting the post together, and he and I are both quite interested to know from you folks if you like this kind of thing (that is, actionable options ideas). Please leave your thoughts in the comments section when that posts publishes. In the meanwhile, good luck, and again, good morning.
