Interesting week ahead!!
as you know, extraordinary times create extraordinary opportunities. Using old statistics and old data doesn't work as well now a days for active traders. This is why it's so important to understand how hedge funds, money managers, banks and institutions works and are positioned in different markets. Using the right tools, data, statistics, Dayly, Weekly, monthly cycles, understanding macro economics, capital flows in the markets is necessary. So what to watch this week that may impact the markets and have an indirect effect on BBD? We have Powell and Yellen testimony before Senate in middle week, will they push tapering? Then we have OPEC decisions on the oil Side and non farm payrolls on Friday and on top of that we have COVID with new developments. Keep in mind that we are starting a new month and tax season in front of us. With that being said, have a wonderful week what ever your trading position is and trade safely.