With President Trump over Seas, it has certainly been an interesting week! So far the new timing of trades is working in our favor. Hold the Euro trade, but adjust the offset futures prices – contact your advisor if you didn’t receive the email. We also have a sugar trade for this week.
Silver – Down 11 – Neutral
Mid-month, Silver tested $17 for the first time since May 2nd. The market dropped hard in the hours immediately after but quickly recovered – lending to a strong standing at number 1 last week. Though falling off 11 spots and sitting at number 12, silver continued a steady climb to reach a high for the month.
Nat Gas – Up 8 – Neutral
Yesterday, May 30, was a standout down day in nat gas closing at 3.143 down .107, putting Nat Gas up 8 spots since last week at Number 3. A mild summer seems to be driving may expect potentially bullish trading conditions in the coming weeks, but for this week, we’re neutral.
[ ] – Associated Trade Rec (call your broker for more info)
[ ] – Market was UP
[ ] – Market was DOWN
VDO – Last Week’s Price Volatility in Dollar Terms (Volatility Dollar Opportunity)
Bias – Directional Trend
Rank – Based on the VDO
Volatility – Last Week’s Price Volatility
*** Clients of Icon Alternatives who maintain open and funded accounts are eligible to receive the Power Moves Trade Signals and can subscribe here. If you are an active client and have not been receiving the signals or would like to learn more, please contact your broker for assistance. ***