The opening days of October have been met with an onslaught of global tensions but without the expected volatility in global markets, nor any kind of meaningful reaction from the gold and silver markets. The latter may have gotten ahead of themselves leading up to the Middle East hostilities, but the key market to keep an eye on in this regard is oil. Light Crude Oil Futures Look for a continuation of the price rally breaking-out of the downward channel, eventually accompanied by a blue up arrow, signifying a Trend Model Buy Signal. If Middle East hostilities are about to spread, affecting all global markets, this will be our first signal to look for new strategic positions. Also expected would be new Buys in precious metals and Sells in stock indices. The relatively surprising lack of market response to a major escalation in the Middle East is perplexing and it leaves no clear trigger to act one way or another in any of the main option trading sectors we follow. FOR NOW. Picking our spots means exactly that, allowing our technical signals to guide our trading, no sooner, no later. I am closely monitoring Crude Oil, Gold, Silver and Stock Indices and when any up to all of them suggest new trades, you will read about it here first. PLTR - Weekly Slowly but surely moving higher. High percentage of revenue comes from Defense Department and other government agencies. Next goal: >$40 Premium Service Initial Buy-In More Aggressive Alternative Strike: Jan $40C BA "Best Return" reached +66%, not quite enough to trigger 50% trailing stop, but lots of time (107 days) left for this trade to play out.
