Jim Tassoni - Momentum Trading Strategies: Resources and Markets
In this Veteran’s Day/Remembrance Day edition of the KE Report, we’re joined by Jim Tassoni, CEO of Armor Wealth Strategies, to discuss current market momentum, tactical trading strategies, and where he’s seeing opportunity amid a broad market pause.
Key Discussion Highlights:
- Consolidation phase: Markets remain near highs; current weakness looks more like a pause than a correction.
- Trading discipline: “Know your out” - define stops, trim profits, and reenter when trends resume.
- GDX setup: Reentered at $73.65, watching $81 as key resistance for next upside move.
- Volume profile tools: Uses volume and market profile data to pinpoint support, resistance, and pivots.
- Metals bias: Long gold, silver, platinum, palladium, and copper; short crude oil.
- Equity stance: Long tech and healthcare (XLV); short consumer staples (XLP).
- Year-end view: Staying consistent - trade process over predictions or timing.
Stock & ETF Mentions:
GDX, SIL, COPX, XLV, XLP, SPX, crude oil futures.
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
