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Trading Charts with Tim Knight - April 16, 2024 - Slow Market Day Strategy
Currently unavailable
Trading Charts with Tim Knight - April 16, 2024 - Slow Market Day Strategy
ratings:
Length:
15 minutes
Released:
Apr 16, 2024
Format:
Podcast episode
Description
Tim Knight, a seasoned trader, shared insights from a relatively dull market day, emphasizing the value of being in sync with market movements. He revealed reducing short positions, taking profits in SPY and adjusting shorts in XLU and NEE, while also exploring a few long positions. Knight expressed a desire to increase short positions again, pending a favorable market bounce. His analysis covered a range of assets, including SPY, OEF, DIA, EEM, and GDX, revealing a bearish outlook with specific bullish exceptions, notably in gold miners due to their strong current positioning. Despite market uncertainty, Knight identified opportunities in commodities like gold and oil, suggesting they might be at a short-term bottom. He also touched on bond market trends, utility stocks, and tech sector performance, particularly highlighting the decline in Tesla ahead of impending earnings. Knight's narrative demonstrated a strategic approach to trading, balancing caution with opportunism amidst fluctuating market conditions.
Released:
Apr 16, 2024
Format:
Podcast episode
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