Friday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
Equities were trending sideways but just got a nice boost from positive employment numbers. So as for now it looks like the 25-hour SMA may just hold here and drive us higher. If you are short term long here then put your stop below 2050 and cross your fingers 😉
Gold also on a sideways trajectory right now as it keeps bumping against its 100-day SMA. The 100-hour however is leading higher apparently and I’m long here now with a stop below the SMA at ~ 1207.
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.