🔥Fed Decision Moves Indexes 🏦

Monday’s sell off and reversal on enormous volume is the kind of move that puts in bottoms in the indexes. Whether it is a short term bottom or a long term bottom remains to be seen. With the RSI indicators at levels not seen since the pandemic, the largest Nasdaq short volume in three years and huge spike in volume on Monday, it is hard to see how this can not hold at least for some time. That was my thought going into today before the fed remarks. The Fed decision was not the issue. The remarks of the Fed Chairman on scaling their balance sheet back as they raise rates roiled the markets. When asked about when they would start. “He actually said we have not really talked about it. Yet” The lack of clarity and disregard for the markets added fuel to the fire. All three indexes have now closed at the lowest level on the year. The most troubling part of the speech was the added uncertainty. The market hates that more then anything. We can not hedge or deploy capital without understanding the risk. The risk becomes cloudy when we have statements that change weekly. That does not mean we can not bounce higher. Its best to focus on technical levels marked on the index charts for guidance. Use support and resistance levels to make decisions. Its much easier then trying to decipher what is going on with the economy and the fed right now. The Indexes need to sift through a Huge Earnings Week that started with a great quarter from Microsoft and now Tesla this evening. The only good news is the fed meeting is behind us and now we wait for March. I would spend 5 minutes watching the video below. I cover 5 ideas for tomorrow and Bitcoin price analysis.

Let’s Look at our Indexes!

Let’s Look at our Stocks!

Subscribe to You Tube! 👈Subscribe and turn on notifications. There is a new daily video after the market Monday through Thursday! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. Its loaded with actionable ideas. Its worth your time. It is hyper specific and actionable. Tonight’s includes 1 Long and 4 Shorts. When you subscribe turn on ALL notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. Also, Once subscribed you will receive private content on YouTube make sure all notifications are turned on so you receive it. The video below is the Top 5 from tonight.

As always all investment decisions need to be made by the individual. We all have different risk profiles. No two people trade the same. Understand the buy points, stop losses, trims are suggestions. You need to develop your own process. I am willing to help. If you have questions message me. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

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