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.
📈J. POW RALLIES THE MARKETS
📈J. POW RALLIES THE MARKETS
📈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.