Gameplan for the FOMC.
It’s still a day away but prepping for Powell well ahead of the volatility will offer the most on a week that has started with the bears driving the market lower.
It’s still a day away but prepping for Powell well ahead of the volatility will offer the most on a week that has started with the bears driving the market lower.
How does a trader track the FOMC comments and action and what could be the outcome? In this video I walk through the implications on the U.S. dollar.
Danielle does a thorough analysis of the various S&P sectors, noting that several are nearing but not quite to downside extensions. Overall, she remains bearish but watching for a possibility of a countertrend retracement with a rising $PCALL ratio. She discusses $MSFT, $BA, $AMZN $AAPL, $KWEB $BIDU and more.
Danielle takes a look at the S&Ps newest sector, communications, and looks for a continued move to the downside in XLC, FB and NFLX. Let’s look at the setup and trade parameters.
This is a simple approach to sentiment and the volatility after the bell.