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This Is Why I Don’t Care What The Fed Does On Wednesday.
Either way, I’ll look to utilize this setup to take advantage of the move.
Magic Hour Daytrading
Throughout summer it’s been when I have traded that has made the difference. Now with Fall trading volume and the uncertainty surrounding the Federal Reserve’s rate hikes, the shorter-term window is even better. In this video, I walk through another chatroom setup and the timing of the trade.
Sitting sideways on UAL
UAL is sandwiched between support & resistance. Here is a trade idea to take advantage of it.
All About the Fed
This week we will learn the decision concerning the latest rate adjustment. The market seems to be pricing in a 75 x 100bps uptick and we will soon know the answer. Until then I see risk squaring and that is what I will try and prepare you for in tonight’s market update.
AAPL at a decision point
AAPL finished the day at a confluence of both Voodoo Lines and measured Fibonacci levels. This is a decision level to watch.
The Point of No Return? The Path to the June Lows
The bulls made some notable progress last week, but that progress quickly lost with today’s gap taking the market under key levels of support. What will it take from the bulls for the market to avoid slipping much lower? Let’s take a look.
Bucking a trend?
The market has been trading under stacked moving averages, and I think it might be time to play a rebound, which ultimately could mean a short-squeeze rally into the first week or two into October. I also have reason to believe we are oversold and that a positive reaction to FOMC may be our catalyst to active the upside pressure next week.
Taking All Offers
Friday brought sellers out in droves, and while there are plenty of ways for this market to break-down, I believe we’re short term oversold and will be looking for a bounce into next week.
The Long and Short of It
Timing is everything, and in a two-sided market they’ll try to keep SPY above 390 tomorrow. While we could correct further the better short is back at the mean. If strength does end up being more the order of the day there’s one name to look to, and these are the levels for it.
How to dominate daytrading for an hour.
That’s been the approach since mid-June: Focusing on the first hour after the bell. Why? Because it’s been the cleanest and keeps us out of the fray. Here’s how the setups worked this morning during the “magic hour”.
