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Did Powell Save the Market at 2PM?
With the FOMC being dovish enough to prevent a equities sell-off, where are the bullish and bearish pockets of the market now?
What does FedEx warn the markets of?
With the most uncertain FOMC decision in many meetings, a 50/50 probability for a rate cut from the FOMC, and a big post-earnings sell-off in FedEx after the close, what does this mean for the broader averages?
Expiration Thoughts
Witching expirations only come around 4 times a year, and certain kinds of trades tend to work better in that environment. Let’s look at two I’m trading into Friday.
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.
Pick The All-Time High In Advance?
While there are many interesting things setting up here, this is useful info.
Reaching the Decision Level
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.
Next Buy Zones For GLD, SLV, and TTD?
The unwinding of these moves is providing the next great entry.
Gold Setup Right Now
I’ve been a gold bull for some time and pullbacks have been few and far between for entries within the 34 EMA Wave. Here’s a setup that I have on the books and where there is opportunity now.
Costco for a Buy?
XLP, the consumer staples sector, has been holding up really well, despite market volatility, and within that, Costco. I am stalking COST for a buy — here are the parameters.
Which contracts to trade in Crude oil and RBOB gas.
The front month contract is where we want to do most of our active trading because of liquidity. However, the liquidity needs of a day-trader are different than the time needs of an end-of-day trader. Here’s how to know what contract to trade and the current trade in the energy sector.
