Jim Tassoni – Market Momentum, Gold, Energy & Global Trades
Jim Tassoni, CEO of Armored Wealth Strategies, joins us for his technical outlook on markets and resources. Jim is a momentum-focused trader targeting mid-term trends, and in this conversation, he shares how he’s navigating one of the most volatile stretches of the year.
Despite a recent bounce in markets, Jim sees continued downside risk across major indices.
He explains why his team initiated a short position on SPY, where they’d increase it, and what key technical levels they’re watching to shift bullish. Jim also outlines a profitable short trade in IWM (small caps) and why the construction of the index keeps him cautious.
We then dive into gold and the broader precious metals space, where Jim remains long and bullish, but he’s watching for a better re-entry point after a strong move. He outlines extension targets up to $3,600 for gold and levels of interest on GDX and copper.
On energy, Jim shares insights into a well-timed short crude oil trade and the critical levels he’s tracking that could signal a reversal.
Finally, we wrap with international exposure, as Jim details his active long positions in Japan and China, including FXI and EWJ, and his key stop-loss levels.
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