What to expect ahead of the Fed meeting
Greetings traders, As we all know, there is a lot of U.S. news to pay attention to over the next several weeks. It all starts with the Fed rate hike Wednesday afternoon. Last time, the market reacted positively, even though the rate increased. So don't assume to know what will happen before the market actually reacts. Then, next week, there's the election on Tuesday and a new CPI number on Thursday. It's a lot to get prepared for. Which is why it's good to have our research on your side. Once again, last week's market review was spot on in that the upward retracement has continued. The upward retracement still has legs, but from our Dashboard analysis, we think it will be a short-term phenomenon lasting not more than a few more weeks. OVI participation is still patchy, while certain indicators suggest exhaustion is not far away. Of course, things may change, so we do need to be fluid, and in the meantime, trade the prevailing conditions. In practical terms, that means protecting profits very quickly in the context of our EDGE trade plan. You can start by focusing on our weekly watchlist: | |
Here's hoping you have a great week and I wish you a lot of success in the markets. | |
RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
| |
Unsubscribe DTI Trader
1555 University Blvd South
Mobile, Alabama 36609
United States
(251) 652-1555 | |
0 Response to "This week’s market review (4 stocks to watch) "
Post a Comment