Tackle Today: It’s Fed Day!
March 16, 2022
«All hail Jerome Powell.»
Traders,
Stocks are gapping higher in a continuation of yesterday’s rally. We’ve seen two-day bounces before, so this one could fail miserably like its predecessors, but there’s reasons for optimism. Here are three life rafts bulls can cling to.
① One: The Federal Reserve will issue their first hike to the Fed Funds rate today. Their press release should hit the wires just after 2 PM EST. The market has long since priced this in (along with a half dozen other hikes over the year), so there shouldn’t be too much drama (crosses fingers). If Fed Chair Powell hits the right notes and calms inflation fears, he could aid the fledgling market rebound.
② Two: Oil prices have fallen considerably over the past week and sit back below $100. This is easing some inflationary pressures. Hallelujah.
③ Three: Chinese stocks, which have been weighing heavily on Emerging Markets (see EEM), finally saw some good news and are popping 5% this morning. About time we saw a change in sentiment.
That said, it’s all about the FED today. Let’s see if Jerome Powell can soothe the market.
Oh, and the VIX just dropped below 30 for the first time in two weeks. Yeah, baby!
Video of the Day: Gino’s Gems – How to set up the default account to trade in Thinkorswim (TOS)
In today’s Gino’s Gems, Coach Gino Poore teaches how to set up the default account to trade in Thinkorswim (TOS)
Chart of the Day: Emerging Markets Soar ($EEM)
Yes, the trend is still down, and the rally is suspect. But let’s celebrate a +5% day while we have it.
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 Poore and Tyler Craig talked about Iron Condor Best Practices 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.
Cash Flow Condors MasterMind Group 8:30 PM EST
The Condors for Cash Flow system is a high probability option selling strategy designed to generate passive income over time. Join us tonight to go over next month’s orders.
Trading Justice 467: Anatomy of a Bearish Breakdown
In this episode, Matt & Mark discuss the latest market news relating to FOMC and Ukrainian crisis as well as invite Coach Frank Martin from Tackle Trading to discuss the Anatomy of the Bearish Breakdown:
- Bearish Pattern
- Liquidity
- Price Confirmation
- Reward to risk ratio
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