Quick Quad Market Reaction to North Korea News Aug 10

Aug 10, 2017: 2:44 PM CST

Continuing our thought process from this morning, let’s take a look at the snap-reactions and sudden price movement in our Quad-Market Grid.

Quad Market Intermarket Grid North Korea

We’re seeing Stocks plunge, collapsing to new swing lows and breaking Daily Chart support.

“Risk-OFF” safety assets like Gold (especially) and US Treasuries surged higher on the news.

The US Dollar – and Crude Oil (not seen) – remained flat and relatively motionless.

Keep in mind, markets anticipate future activities and sometimes headline news causes markets to snap one way or the other until the news is settled or “digested.”

Until we see otherwise, we’re seeing “Risk-Off” defensive behavior in our quad-market grid.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

Comments Off on Quick Quad Market Reaction to North Korea News Aug 10

Comments are closed.