Back from holidays today, but I have not opened any new trades yet. I had a quick look through my usual charts and couldn't find any really good long or short trade set ups.
I see that GK has been busy while I have been away and has several trades open. However, I am not inclined to jump into trades that are half way through, at least not at the moment.
The banks are looking quite toppy, but not overbought yet.
Iron ore is weak atm, but the usual suspects are already down somewhat. Hence, not a good time to short iron ore stocks imo, and certainly way to early to open new long trades.
Copper is also weak atm, but OZL is still consolidating, I thought that OZL would have dropped a bit like SFR has.
Gold is all over the place as usual. Hence, NCM, MML and BDR remain a gamble imo.
TLS is having a good run. Pity I closed my TLS long trade before leaving for holidays 2 1/2 weeks ago, but by closing all of my long trades before holidays I didn't need to check any charts while away.
WES is almost a short, while WOW is quite erratic lately.
ORG and WPL have had good runs and could be due for a pullback. Maybe short these two soon.
Regarding the global stage, it is too difficult for me to pick a direction atm, particularly with the Ukraine situation muddying the water. Maybe it is because I haven't been following the markets closely for the last two weeks that I can't see where it is heading.
Quick, I need some sure thing tips to get me kick started after my holiday break.
