list of daily videos
Most Federal Reserve officials in the July policy meeting remained concerned about inflation risks, potentially leading to more interest-rate increases. The key issue is whether the current policy interest rate is adequate to achieve the desired goal of 2% inflation. While some members are worried about a potential economic downturn, others see the economy as resilient.
In this video, we discuss the overall market volatility, but I wanted to focus on what happens when you have a good trade gone bad. Your choices are to pull the plug or possibly defend it. I walk through a live example I have on for a Bullish NVDA trade and how we managed it as it dropped 42 points. How was I able to not only stay in the, but reduce my overall risk and increase my profit potential as well?
There has only been one late set of Dark Pool prints. Check out the video to see what it may mean.
The FOMC Meeting Minutes will be released tomorrow at 2 PM ET and this is the glimpse many traders and investors are waiting on to see if there is still another 1/4 point hike in play.
Most markets broke support levels that have held for months. I will look to short rallies until proven otherwise.
Walmart reports earnings on Thursday, August 17th before the bell. While I like the company and am bullish on the stock, Walmart has already had a nice higher run and is near targets. So, I am looking at making a neutral trade in the options market to bet on a trade within the expected move. For this earnings report, I will be specifically listening to how inflation has impacted sales, what areas of growth the company is focused on for the rest of the year, and how grocery sales are going.
NVDA used positive comments from Morgan Stanley about likely quarterly results to build a substantial rally today. As big as the bounce was, however, it only managed to take the name back up into resistance so we need to see more before we can anticipate the next move.
Marty Schwartz wrote about this years ago. The idea is that the equities trade soft the week prior to the monthly expiration. From near that low they firm into the OPEX which, of course, is this week. That said, was last week just that? A Pit Bull Low???
Major changes in the market this week. Let’s take a look at the big picture risks of what is widely believed to be bullish and the one Ace the bulls have to play soon.
Oh, it’s never time to panic but it is time to be discerning about the trends and timeframes as well as realistic about the nature of August price action.