Pre-FOMC Watchlist.
Euro, gold, and bonds top the list of where I am looking for more opportunity in this pre-FOMC market uncertainty. My favorite? The Euro short.
Euro, gold, and bonds top the list of where I am looking for more opportunity in this pre-FOMC market uncertainty. My favorite? The Euro short.
While there are many interesting things setting up here, this is useful info.
The broader averages and major sectors have climbed to a significant decision level. Is the US/China hopium enough to keep this rally going to newer highs? How much more than 75bp in cuts could traders and investors be counting on? All this spells topping action on the charts and psychology.
The Federal Reserve has a major messaging challenge ahead and the US/China hopium could be wearing off next week as the market looks to either sink back into its distribution range or break to new highs…
The unwinding of these moves is providing the next great entry.