June 2018 Core Commentary

Welcome everyone to an action packed news week coming up. We have the Fed, ECB, BOJ and of course the Korean summit. Our Fed will most likely raise interest rates ¼ of a point, ECB may well jump on that bus as well come Thursday giving the financials a lift. On Tuesday we have the big event in Korea. It is my belief our President would not be going to this length without having some assurances of a world changing deal. Our markets have started marking time waiting for the next catalyst and that could be a new trade deal with China coming any time. I hope all of you have had a chance to read our June pre-trade analysis give you a sense of what to expect. This month has seen its share of both calls and puts, this cycle we are going with all calls. Please focus your trading goals in the 25-50% profit range booking those profits when they present themselves. Please do not purchase our plays until the final 10 minutes of trading and do not set an initial stop loss, once trading begins if you feel inclined to set stop losses that is up to you. Have a great week.