Stocks will trade lower from current levels
In this Trading Interview, Jim Welsh of Macro Tides talks with Blake Morrow from Traders Summit about the Non Farm payrolls report today and how the market reacted to it. After a disappointing jobs figure Jim believes Stocks will trade lower from current levels. Jim Welsh thinks that the USD will be bought on dips and will eventually break higher. He also discussed his view on stocks, rates, bonds and how he is viewing gold near term! He is near term bearish on crude oil on sentiment and technical analysis basis. Also Jim Welsh identifies levels that crude could offer better levels for longs.
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