Front-Running the Fed
Strong moves from stock indexes today as Draghi stepped in front of Powell in the race to see who can be the most accommodating. Let’s review our positions inside of this and the game plan for tomorrow.
Strong moves from stock indexes today as Draghi stepped in front of Powell in the race to see who can be the most accommodating. Let’s review our positions inside of this and the game plan for tomorrow.
In this video, I am focusing on one of the handful of shorts on my radar (there are not many!), and this one is linked to the downtrend in crude oil.
Part one of the plan to trade the rally into the FOMC event tomorrow is done. Now we look to take advantage of the move. Does Powell get the move right or does the market panic? We need a watchlist and plan for either scenario.
It’s still spongy summer trading with consistently low volume. What’s an e-mini daytrader to do? Here is my adjustment for illiquid trading seasons.
This could be with a big week with a decision from the FED, and then we’re ending up with expiration on Friday. We really need to be careful here, or use lotto type trades, as we could go either way.