Hello everyone!
A few more sleeps till FOMC and we get moving until then we have PPI in just a blink of an eye
Recap
We missed a trade on SPX,oups! So far it followed our plan but i don't think there will be any meaningful push. The only catalyst for breaking out the daily/weekly trendline is the Fed. I think Indices will suffer but not this year. It will probably be next year when we will have the next earning season. If most of the EPS come in negative i think thats when the market will come down aggressively. Usually these bear market rallies are very volatile and ranges expand quite far more than anticipated. I would say caution in investing into stocks. We might even get a sideways consolidation for many years to come with big swings. So for now we just trade the levels and sit back. Santa is coming so i think you should be good and be aware of your risk management otherwise no presents for you! Less is more!
Have a great weekend!
A few more sleeps till FOMC and we get moving until then we have PPI in just a blink of an eye
Recap
We missed a trade on SPX,oups! So far it followed our plan but i don't think there will be any meaningful push. The only catalyst for breaking out the daily/weekly trendline is the Fed. I think Indices will suffer but not this year. It will probably be next year when we will have the next earning season. If most of the EPS come in negative i think thats when the market will come down aggressively. Usually these bear market rallies are very volatile and ranges expand quite far more than anticipated. I would say caution in investing into stocks. We might even get a sideways consolidation for many years to come with big swings. So for now we just trade the levels and sit back. Santa is coming so i think you should be good and be aware of your risk management otherwise no presents for you! Less is more!
Have a great weekend!