MNP

After a strong end to the second quarter of the year, Q3 started off on a negative footing. All major US indices were down with the Dow Jones ending the week -1.7%, the S&P 500 -0.9% and the NASDAQ -0.8%. The US dollar was marginally weaker against major currencies and the yield on US treasuries rose materially after a hawkish set of FOMC minutes and US jobs numbers. This week in total - our market carousel now has 2 open long positions with both being in a partial profit take stance. We open a new short this week for a total of 4 open short positions (up from 3) across an assortment of equity, FX and commodity markets. We now hold 4 'No Position' stances (from 5 last week). Our trade ideas this week include a previous idea, which we were stopped out of previously but that has given us a long trigger again. We also include a global long and an out of sector pair trade. If you are not a subscriber, you are missing out on the key details and quality insights with actionable trade ideas weekly. Click below to sign up!