Money in Motion

Strategist: Technical Factors Say Time For 'Risk On'


If these charts could talk, they'd be telling you to put on some risk, says this strategist. Here's how.

Todd Gordon, co-head of research and trading at Aspen Trading Group, has been looking at charts for stocks and oil futures, and he says they're breaking through critical levels.

For the S&P 500, "1225, 1230 was resistance. we broke it," he told CNBC's Scott Wapner. "If we are going to get above 1257, I think the move is up to 1307." Gordon is equally bullish on crude oil, which he believes could move up to 100.

Money In Motion: Risk On!

To trade on the positive signals, Gordon wants to use the risk-sensitive Australian dollar, buying it against the U.S. dollar - particularly if Australian inflation comes in at a level that makes an interest rate cut unlikely. He recommends getting in at 1.04 with a stop at 1.03 and a target of 1.07.

You can watch the whole discussion in the video clip.

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