FOR TUESDAY: (2/13) Volatility if back for those who have been tired with straight up but it does require full-time attention; you have to be on guard, and it negates taking much home overnight. Mondays sometimes are throw-away days so we have to see if any of the trends that start with gold and the dollar and oil today mean anything in the morning.
MARCH E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.
S & P ANALYSIS FOR TUESDAY: (2/13) Market continued to celebrate the infrastructure package—but it has yet to get passed. Possible for a retest of 2622 if we’re lucky, but in the end, we expect to see a volatile push up to 2725 and probably 2802. Any swing trade requires a 20-point stop now, and that requires buying key numbers. Hard to do anything at night. Exciting for volatility but hard to monitor unless you watch it like a hawk all day.
CYCLE SYNTHESIS: Recovering into Friday.
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