NUMBERS ARE APPROXIMATE
FYI:
After the last rate cut on 9/18, SPX fell roughly 167 points over the next two weeks (3022 to 2855, from 9/18 to 10/3)
Is this time different?
[best to double check yourself]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
normally this pullback should be bought but the FOMC day close usually is weak. wait to see if any more pullback before the close.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
If I got time I would wait out for 6 point gain to cover at 40ish, but not much time I will take 3 to 4 handles and call it a day. Day trade made simple. Peace!
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Another reason why AAPL eps is important tonight ?
On the FOMC chart, the black dashed lines show the last three rate cuts, as posted earlier.
AAPL saved the day after the Sept rate cut … by not being as week as it could have/should have been.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cat still sitting on your trader's almanac? [/quote]
Sorry to be obtuse. Northman Trading gets his weekly free stuff up on zero hedge on weekends. He is also a regular on CNBC. Pasta Boss put up his chart from his weekend missive earlier today showing that the last Fed rate cuts lead to a multi day sell off. He is not a believer in the current market, more of a traditional real earnings and sales type of guy rather than an investor in We Work sort of story businesses
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Trades with cats wrote:...who is Northy?
Sorry to be obtuse. Northman Trading gets his weekly free stuff up on zero hedge on weekends. He is also a regular on CNBC. Pasta Boss put up his chart from his weekend missive earlier today showing that the last Fed rate cuts lead to a multi day sell off. He is not a believer in the current market, more of a traditional real earnings and sales type of guy rather than an investor in We Work sort of story businesses