Peter's Watch List September 3rd

Good Morning,

The market is gapping down this morning on continued US trade tensions. As we discussed in chat all last week, it seemed that many were over eager about the prospects of the September 1st tariffs being cancelled or delayed, neither of which happened. In fact the Chinese have no filed a complaint with the WTO over the new round of tariffs, and there is talk that the planned September talks may not happen. Overall this is putting us in a very difficult situation as traders where trade news can hit at any time and have a huge impact on the market. My plan today is to focus on the weekly watch list names if we see a strong market recovery but to otherwise focus on five minute control candle and reversal setups. If you have any questions, please feel free to email me at peter@thetraderspath.com

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