FOMC Thursday

I have received a few emails about the location of the list of trades, on the right in a grey box it says "Trade Ideas/Stock Lists"; just click on the link "latest trades" and it will bring up a spread sheet, scroll to the bottom of the spread sheet and that is where you will find the newest trades. Next Spread sheet I will try to modify it so the newest trades are on top.

Today we had a bunch of swing trades that didn't get triggered, I picked Swing trades because of the market's volatility and probable top. The cats and dogs trades were waning. I'll throw some up tonight, but -as I posted at Trade-Guild.net tonight, the FOMC meeting is tomorrow, they likely will not move rates unless it is the overnight lending rate to further discourage the continuation of the dollar carry trade. Other then that, the market will be acutely attuned to every word and nuance, the tone of voice and facial expressions in trying to divine when interest rates are likely to rise. This is the reason we saw the volatility in the market that we saw today.

So keep your stops in place, exercise them when needed, keep the new positions at smaller sizes and don't forget that CASH is a position and one in which you will not sustain any losses, at least until the fog lifts. Remember this the first reaction to FOMC announcements is almost always the wrong reaction and reversed in a matter of days!


The new ideas will be up in about an hour.