Few held any high expectations for the outcome of this Trump meets Kim event.
Even fewer could have guessed that the two nations would be signing an agreement right there and then.
The key points from their agreement are:
- US and North Korea commit to establish new US-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.
- The two countries will join their efforts to build a lasting and stable peace regime on the Korean Peninsula.
- Reaffirming the April 27, 2018 Panmunjom Declaration, North Korea commits to work towards the complete denuclearisation of the Korean Peninsula.
- US and North Korea commit to recovering remains of prisoners of war including the immediate repatriation of those already identified.
You can read more at this link here.
Let’s hope this is truly the start of the peace process for the Korean Peninsula.
There was some volatility in the USD today as the two leaders met, but overall our markets didn’t react much to the new developments.
Our markets are still stuck in that range it’s been in all of this year.
If you’d like to know how to position yourself in this trading environment,
Currently it’s hovering around the 3450 level.
No clear trend on the broad market still.
Don’t be too aggressive with your portfolio.
With an average entry price of $2.18, we have seen gains of 15% since average our entry.
Now we just need to monitor the trailing stops to protect profits while riding the trend.
This is usually the easy part of the trade, where we just need to manage the trade.
Until price tells us to get out, we don’t need to do anything.
Be patient and follow system.
No signal since we started watching this.
Be patient and wait for a valid signal.
There are a couple of other interest counters but still early for them.
So keep your eyes open, opportunities are out there!
Good trading folks!