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Advised 2.7: Dos Tios Trade (XI & Biden)
Uncles Biden and XI are back at the table, here's what that means
So with this new peace dialogue between Xi and Biden … it pushes the metrics for economic agreements farther towards an attitude of appeasement. It's not possible to take a trade based on this information but it is possible to feel bias that for this 20 week cycle can have a little bit more power.
Definitely good for adrs in China stocks probably bad for materials and commodities and oil prices will probably take a further hit from this.
That makes sense because as of today crude is bouncing out of a forty day trough and it's heading into the end of its twenty week cycle which means that pretty soon there's gonna be a 10 day VTL to short it will probably be a difficult short with a rather annoying double top and it might even happen in the overnight so it might actually just be not that good of a trade because I still feel strongly that oil goes to $250 a barrel.
This information came out after market hours but with the recent strength over the last 48 hours or almost 72 hours it's likely that this information was leaked.
I hate to do this but now I have to post some more trades from earlier in the year so that you begin to understand these things.