Market Right Now Is "A Story Of Contrasts"
One of my favorite trading teams on the street says: "One thing is clear: this is not a market to force trades."
Listening to subscriber feedback, I wanted to add a little more market-focused content and, like all of my content, wanted to do it from someone I know, trust and have a track record with.
Which is why I’m stoked that my friends over at Sang Lucci Trading and The Steamroom, who I have known now for more than 10 years and have considered one of the best in the active trading business, are contributing to Fringe Finance on a weekly basis.
I’ve always liked Lucci, Wall St. Jesus and the crew at The Steamroom because they are honest and upfront about losses when they get their ass kicked (look for a ton of videos like this out there) and don’t try to pitch themselves as more than they are: a group of guys with a little experience trying to find an edge and do their best.
I find their analysis sharp and worth considering, so I’ll be happy to bring it to you on weekends usually heading into a new market week each week.
As a paid QTR subscriber you get access to these writeups which are normally reserved for their paying members for nothing extra.
As usual, my disclaimer below applies as does Lucci’s full disclaimer, which can be read here, which all boils down to one key point: you’re on your own, this is not trading advice, only the opinions and banter of the authors, and always consult a personal financial advisor before making any financial decisions. Options are extraordinarily risky and carry with them the potential for massive losses.
With that said, let’s get on with this week’s take from some of Lucci’s team.
Wall St. Jesus
The market right now is a story of contrasts. On the surface, there’s been strength in short-term snapback squeezes, fueled by tactical sentiment shifts and positioning (see chart below).