Whether we see overbought shorts one more time before the uptrends begin to develop, the reaction to earnings like AMZN reminds us that there is optimism in the air and we should follow the macroeconomic signs that have been flashing all month long.
While the bottoming process continues and the Target Rate for the Federal Reserves floats slightly lower, I want to be long. But without setups on the daily, what is the next best thing? In this video, I explain how we traded the bounce in July to capitalize on the movement.
Take a look at how Joe crushed the market today with a $61K winner playing the edges of today’s jump. Learn how to feed off the volatility and massive moves with hedges.
Fed delivers as anticipated today and the market responded in kind. There is still more than enough left in this fun-filled & jam-packed week to make a difference, so let’s not get too terribly comfortable just yet.
In this video, we look at today’s big rip higher after the FED raises rates again another .75% We got over 100 point move higher in the SPX and a whopping 467 in the NQ. Is this the start of a new Bull market? I don’t think so and I don’t trust the move, but we won’t until we get more data points. Another big one comes out tomorrow with GDP where we will look at whether we are in a recession. Lastly, we still have a lot of earnings to go so expect more volatility.
In this video, we look at today’s big rip higher after the FED raises rates again another .75% We got over 100 point move in the SPX and a whopping 467 in the NQ. Is this the start of a new Bull market? I don’t think so and I don’t trust the move, but we won’t until we get more data points. One big one comes out tomorrow with GDP where we will look at whether we are in a recession. The FED says we are not in a recession, but here in the real world, I think we are. Lastly, we go over a crazy end of day trade I did today and look at alternative ways of defending or staying in a trade. We still have a lot of earnings to go so expect more volatility.
In Friday’s free video I told you I thought Tesla was cheap below 800. Monday ended up being soft but slow then Tuesday traded a fair bit below this level, but on Wednesday my plan really started to work out and I don’t think bulls are done just yet.
