Traders,

Trump came out this weekend with a special, diplomatic tweet, for Iran and now gave them until Tuesday which is fun and exciting which means he TACO’d again which means we wait and see what’s next.

Who’s having fun!?

If you look at the $SPY ( ▲ 0.09% ) we rallied a bit and we may just continue to trade a bit higher but I am still bearish this market for the same reasons Dan has covered on his webcasts and maybe $665s or so trade but then above that there’s not much room to get it to go but I don’t really care about the broad market as much as I do as the price-action setups we’re seeing in other sectors.

For the new readers here I want to remind you that “the market” is not just the $SPY ( ▲ 0.09% ) and you don’t have to buy the dip on the same tech stuff because media has made you believe that.

March was really great for oil and gas stocks and right now Crude oil is setting up big trading ranges which means there is money intraday and over 2-3 day windows to be made.

Then last week I talked about Dan’s idea that Consumer Staples would see flows come in and I still hold that view this month.

So that begs the question again for everyone: what does it matter where the $SPY ( ▲ 0.09% ) goes and what does it matter if we get a deal done?

The answer is that it doesn’t because there are setups to trade.

Period.

This week let’s get into: