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IWO Brunch, December 17th

Rubber Band Trading

What a long, strange trip it's been.

The market for the year can essentially be decscribed as 3 big, stupid, ugly, mean-reverting trading ranges.

One high, one low, and one in the middle.

Any attempt to look for breakouts or breakdowns on the $SPY has been rewarded twice and punished about 80 times.

In this Episode of IWO Brunch, we discuss:

  • the huge support level in the euro $FXE
  • the odds of a rally into the end of the year
  • a few stocks that don't suck -- $SBUX and $V come to mind
  • why I"m looking for the failed breakout in $GLD
You can watch the video below:

by Steven Place

Steven Place is the founder and head trader at