June 4th Friday Ride day and a view of the month

Please know this month and coming months will be very connected to global events on geo-political scene involving critical time for some heads of states, countries and areas with great political upheaval, military action, violence and natural catastrophes. The markets will be mimicking to some extent these events which may keep popping up. the events will be focused on some particular areas but will be prominent in the areas where the troubles began on 7th of April. This is a very bad and negative period of the countries in trouble and crisis. Around 7th a few surprising events can decide the flow of markets.

If you read blog of past 3 days you see that we had talked about 4th being a very volatile day that will offer good intra day lows to hunt for bargains.

Yet for very short term trend June offers highly volatile but less volatile than May opportunities with risk. The best is to go with particular assets that one follows.

IN MOST CASES however going long on intermediate term poses extreme risks and one must as I said consider thinking of assessing particular assets or sectors that one has grip on. Best is to consult and check its technicals and then consider working on it.

DAY TRADING:

Trade with great caution. Intra day volatility will remain there.

+ There is an intra day trade opport on Silver at 1030 am EST and for Gold at 11 AM EST. Make a note and see your futures.

+ Gold did move as above at 11 PM EST and made a full 13 point move. This shows that somethings work.

+ Please know that micro moves are usually for very short duration and must be confirmed by technicals.

SHORT TERM SWINGS

Considering the hyper volatility that I see on a longer scale June may still pose risks so I will not be recommending any long positions for now for the overall market conditions are very risky.

THE reason I say that is that when you study individuals assets they have their own volatility but some assets and sectors always show better results than wider markets. When we study general market or major indicators like S&P or DJIA the indicators are not very encouraging. There are two kind of studies overall universal planetary conditions which is like fundamental analysis and then focused on some key assets which is highly focused analysis and then one can get a mean out of that. In brief June continues to be bad even though it wont be as sharp as May. Considering all above I suggest studying individual assets and go with the direction that is more likely irrespective of general markets. Hope this makes sense.

However we can study some individual assets which will do well in some brief time frames. It will be wiser to focus only on those.
Keep the above in mind before committing any longer swing trades.
Very short term swing trades on some sectors like High tech, Technology, defense, Metals, Steel, Clothing, Trading, selective retail may work for this month specially from 8th June onwards.

+ If you see my blogs of 1st June 2nd June you can see what I wrote. It has happened exactly as I mentioned. Two up days and two down days.
I also wrote on 1st when the market was drowning to COVER any longs on 2nd JUNE.
Because I foretold that 3rd was volatile n 4th was down.
If anyone had covered their longs on 2nd intra day high, today at this hour could be a great time again to reenter.

+ If you buy Gold or related stocks today for short term, stop loss on 8th and cover them or protect by 9th.