That's not a problem but when you've been given a platform such as Fast Money and you use it not only to promote personal interests but to also suggest that a competing asset, one for which you are considered the guru in a large portion of the investment community, has a long -
term bearish outlook, it becomes something of a problem.
A trader might interpret this as a long -
term bearish outlook with a short - term bullish outlook.
Not exact matches
While major SPDR ETF funds have been
bearish over the past few weeks, the long -
term outlook is still quite bullish.
If the commodity breaks below the lower boundary of the horizontal trading channel (using 1,300 as a trigger, just below the support of the channel),
outlook will shift to
bearish, at least in the very short -
term
If the commodity breaks below $ 15.50,
outlook will shift to
bearish, as that would imply that both the $ 15.50 — $ 15.80 support area (violet trendline) and the long -
term support (green trendline) have been breached.
My regular weekly
outlook was
bearish last week, and it will probably remain so, on a short -
term trading basis.
Actually, any strategy with a
bearish outlook is typically bad for the long
term because markets tend to move in a positive direction over longer time frames.