FOMC Setups to Watch
As we approach an expected 1/2 point hike, what are the trends that could benefit from the FOMC volatility? I have a lot I am keeping an eye on and am sharing those symbols with you in this update.
As we approach an expected 1/2 point hike, what are the trends that could benefit from the FOMC volatility? I have a lot I am keeping an eye on and am sharing those symbols with you in this update.
After the late April sell-off in many corners of the market, the dust settled and certain trends have shown themselves to be resilient and that is where we want to focus our attention. Buy the dip is never not true, it’s just that there needs to be an uptrend to do it. And now there are quite a few sell the rip opportunities in downtrends.
Facebook earnings may have surprised some and if bears are still on the run the next 2 days could bring another $5-6 of continuation, possibly more. Let’s map that out technically and see if we can get into and out of a trade before the Fed meeting on Wednesday.
Airbnb is reporting earnings tomorrow, and with the high implied volatility in addition to the big move that is expected, there is an opportunity in the options market to sell options.
The indexes hit new lows on the year today, which means we are easily one step from capitulation but at the same time, not far from a short squeeze. Today, we got to see a bit of the short squeeze in action, but, will it continue into tomorrow? There are many catalysts on the docket, including earnings reports from ABNB, AMC, EBAY, and more, along with the FOMC meeting on Wednesday. It’s a big week, so make sure you control your risk and keep an eye on all of the possible landmines!
A memorandum of understanding, or MOU. Tonight I will attempt to explain the intention of these videos and content. As a bonus, a prediction at the end. Hope it helps. Enjoy!
As of now here are the YTD numbers. NQ- 21.16%, S&P -13.31%, Dow -9.25% 10yr @ 2.932% +141.8 bps, BTC -16.9%, AMZN -25.45%. That and what all do we have on tap this week?
The Fed wants assets lower and the market appears to be listening, at least for the next month. Let’s review the signals.
In this video I discuss the significance of earnings and the FOMC next week on Wednesday, today was a total wash, and I’m not so sure it’s over until after FOMC Wednesday….