Tackle Today: Fed day, Fun Day
September 21, 2022
«It is Fed day. Grab the Popcorn.»
The wait is over, and the most important Fed meeting of your life is here. Or not. They meet every six weeks. Don’t let the media overhype the importance of any single one. One thing is true, though. We’ve seen excessive market volatility following previous Fed meetings and speeches, so it is worth being prepared.
And what does “prepared” mean?
① First, check your existing portfolio exposure. Are you comfortable with the number of positions and the amount of risk you’re taking? This applies if you’re a bull or bear. Those who think the market is predestined to fall after the Fed meeting are overplaying their hand. It could very well go up – so be prepared for volatility whichever way it arrives.
② Second, review your trade plan for existing positions and potential new entries. If the S&P 500 cracks support and heads back to the June low in the coming days – what new plays will you deploy? The same question goes for if we get a melt-up.
Check out the chart below for an updated look at what the seers say about how big of a rate hike we’re getting.
Video Of The Day: Queen’s Court – When is a Retracement No Longer a Retracement?
On today’s Queen’s Court, coaches Emily and Matt have a discussion on #retracements.
Chart of the Day: Target Rate Probabilities
75 basis point rate hike is consensus. But there is an 18% chance of a 1% rate hike. The reveal is oh so close.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show Replay
If you missed last night’s episode where Coaches Gino & Tyler discuss FOMC week trading, analyzing ATM Put Fly and Beta Weighting or would like to watch it again, check it out here.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Trade Masters 7:00 PM EST
Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.
Trading Justice 494: FED Week
In this eipsode, Mark has several questions for Matt around the Fed, interest rate hikes, and what it means for the market moving forward.
- What will the Fed do tomorrow?
- What will Jay Powell’s tone be?
- Will he break out the dad voice again?
- Where will interest rates cap out?
Listen to the episode in the player below.
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