📈J. POW RALLIES THE MARKETS
Jerome gave his best fed speech after the today’s 50 basis point rate hike. Usually known for being indirect , he was specific, detailed and to the point. He stated that a 75 basis point hike is not on the table for the next raise. This caused the equity index markets to swing from a loss to a massive gain by the end of the trading session. His tone was dovish and consistent throughout the speech and questions. With the current bounce off the recent lows , we are finally starting to see opportunity in stock ideas. Since mid march the indexes could not find any footing. Now stocks with great earnings are being rewarded. AMD earnings were excellent and the stock actually traded almost flat before the speech. After the speech we saw a massive inflow of cash into the name. The volume was well over 200 million shares. This is 2x its normal volume. Retail investors are not capable of putting that much capital to work in such a short period of time. We can surmise that funds are buying equities today. Next we need to see which stocks make higher highs tomorrow and close over the previous day. Technically all the Indexes are on major support and setting up for a bounce. I am specifically focused on the Nasdaq. If the QQQ can get over $330 and close over $330, we would have our first higher high since mid march. It would also be the first stage in the beginning of a double bottom in the index. Energy sector continues to lead but the semiconductor index could actually bounce here. There two sectors are completely different types of set ups. This is why it’s so important to learn different styles of training and be open minded. For me details on the Indexes and 5 stocks to buy tomorrow, watch the video below. You will start seeing more names added to the stock buy list very shortly.
Let’s Look at Our Indexes!
Let’s Look at Our Stocks!
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. It’s loaded with actionable ideas. It’s worth your time. It is hyper specific and actionable with entries and exits marked off. Tonight’s includes several Longs and 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 and focused on actionable ideas based upon the Fed Meeting today. Pay close attention to what is said about AMD , TSLA and how where the Nasdaq needs to be.
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 email me Arete@Aretetrading.net. 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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