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Read/Watch Time: 29 min
Federal Reserve meeting and announcement today. 0.75% increase in the FFR (Fed Funds Rate).
The markets were hoping for some type of “Dovish” language. In other words, they wanted him to be nice and not give us those mean interest rate hikes.
Nope. He was “Hawkish” and promised to continue to do what it takes and a “pause” isn’t in the cards for now.
Markets popped up and then they got slapped back down.
Figure out the trend and trade in that direction. Counter-trend rallies are tough to trade.
Buy what is working. Sell what is not working. Sleep better.
Please feel free to teach this to your family and friends. We appreciate the referrals.
Here’s the video link: https://squiggletrader.com/wp-content/uploads/2022/11/Mid-Week-Update-Fed-Watch-11022022.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.