Bubba’s Bottom Line. McCabe Gets Fired!…and it’s a FED Week. Bitcoin had a rough week..I think we’re coming very close to a bottom..By Todd Horwitz, Bubba Trading

 

General overview/outlook of the market..I’d look to sell the equities at resistance, flat gold, seller of crude oil, a buyer of grains a bit lower and a buyer of meats. Bitcoin had a rough week..I think we’re coming very close to a bottom, or a low in these cryptocurrencies. They’re being recognised as a commodity by the CFTC..they’re becoming more accepted. I’d start to look to be a buyer as a part of your investment portfolio.

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.