Good morning!
The Scott Bessent show continued this weekend after the U.S. and China stepped back from escalation. The Dow Jones added another 1,000 points this morning after both nations agreed to cut tariffs.
What’s next for the markets? Aside from the momentum right now… there’s a distinct possibility that we get back to 6,000 on the S&P 500 by the end of the week.
Let’s dig into our morning commentary…
Tune In, Tune Up
Momentum is obviously very strong right now. Energy is now taking off and we can anticipate a lot of short covering in the next few days. We’ll look at all sectors.
More important… we’ll look for breakout names that you may have missed.
Anatomy of a Trade
Our Abercrombie & Fitch trade from the other day? Well, that’s a win… Shares of ANF are up more than 8% this morning. But it’s not just tariff news that made our March 23 $72 to $75 call spread a winner. I’ll walk you through what we did and how we did it.
Gold Bombs Out
Finally, we have to dig into gold. There’s always a bull market somewhere…
But every winner leads to a place where money is leaving.
Gold is the loser this morning with a 3.6% drop. What’s next? How should you be trading gold? Shorting it? The key is spotting pressure before it shows up in the candles.
Well, I have a better idea, and I’ll share it with you when we go live.
It’s all here. Monday morning… the deals are underway… now you have to take advantage. I’ll show my top ideas when we’re live at 8:45 ET.
Stay positive,
Garrett Baldwin