You have to hand it to the Russians. They do know how to have fun and joke around. The latest out of Russia is that they plan on using the USS Carney destroyer for target practice in the Black Sea!!!
Now you add this to the Russian ships heading to the Gulf and it appears to me to be an accident waiting to happen.
Rest assured if shooting breaks out between Russia and the U.S. this stock market will take a quick nose dive south. Keep an eye on it if you have a serious position in the markets.
Where is all this headed? Is it just posturing? Time will tell. But to me its the most significant movement toward war since the end of WW2. So far there is no word from China on this but Iran and Russia are definitely into it.
The question is to me, When will the human race understand war is not the solution? If history is any guide, never:(
So take this into consideration if you’re in the markets to a substantial degree. If anything does occur I doubt there will be any warning.
I guess the reset did not quite work the way it was expected!
Myself I have a small position on a swing trade I entered yesterday and decided to hold overnight as yesterday looked to me to be constructive.
The markets to me still look bullishly bias however another strong move to the upside today would take away the short-term bias for awhile.
Today I plan on looking again for swing trade longs. But there are not many stocks setting up that I like. But one never knows how the landscape will look after the first 10 min of the market:)
If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)
Good Luck Today
RickJ’s Handicapping Picks