Hubert Senters here.
Let’s take a look at the markets. So this is The Dow. I usually did an open range breakout on the Dow first thing in the morning.
And I do like a 2-minute chart and I’ll just bracket it like this right here. Pretty simple and wait for the break to the high side.
Sometimes we’ll get two or three and sometimes four breaks of that thing. And sometimes we’ll get an upside or downside break.
We’re running into as the markets running out of gas. So if I don’t get a break within the first 30 minutes I am of the opinion that the market will probably not move around that ton.
So it did break finally but it was late like it’s the last 4 minutes of it and then it just stairs stepped up here.
Hard to navigate if you don’t get it right on that first or second rep and then it’s going to trade sideways up here so it’s just stepping up.
So it’s getting harder to trade this thing so I don’t recommend that you trade indexes on a swing basis.
If you’re on a day trade they’re still day tradeable but I would recommend moving to a different market for a little bit if you got the ability to and most of you should have the ability to.
Try trading this creature right here. It’s a little bit easier. It’s a little bit more trendy right now.
The ADX is above $20. And you can see that little trend right there compared to our Dow market which is right here.
You can see which one you would rather trade. I would rather trade the Eurostoxx 50. Now, the DAX is like our S&P on crack so I wouldn’t push it towards this thing or recommend it.
But Eurostoxx 50 is a good little trader. So if you’re struggling in index futures on the Dow, S&P, Russell, Nasdaq, any of that stuff.
Try Eurostoxx 50. It’s a nice little trending product and it trades like the Dow. I’m going to be doing a live webinar on The Mother Of All Bubbles, Friday, August 13th at 10AM EST.
First name, email, mobile or cellphone device number and we will talk about why I think the markets about to rollover and how you can potentially profit by that by either double or triple dipping.
Good luck. Hope it helps. See you on the next video.
Hubert.
