This week in The PDF Report I made it a point to highlight that WTI Crude Futures were my focus because of the wide trading ranges.
Normally this is not what I do, we usually focus on equities, but since I started as a futures trader back in 2009 and since it’s a bit slow, why not talk about something that is actually useful this week?
What we don’t do here is try to pretend to play “Macro Investor” and assume where oil, or the SP500 for that matter, will be in 90 days — there’s plenty of charlatans writing newsletters and on CNBC to do that for the masses.
What we try to do, and often get right, is to understand where the investable inflections are across the markets.
That’s why we cover +15 tickers in the report and provide coverage on the $SPY ( ▲ 0.58% ) and $USO ( ▲ 1.91% ) (Crude) each week so that we have options to choose from.
And right now this has been great for short-term trading (and some adds to consumer staples as noted in the report).
But when it comes to actually trading the ranges how do you do it?
There are plenty of the macro folks with their opinions and no shortage of journalists willing to offer you their (often risk-free) opinion but how do you execute?
I made a video to discuss how I take the idea of wide ranges and trading them.
Enjoy the video and if you’re a subscriber remember you can ask questions here.
Best,
Dan