So we had the big wammy on Thursday with the FOMC meeting minutes release! And just as I suspected the Fed made no new changes, rather just extended “operation twist” through the end of the year. As you can imagine this much anticipated market news created a well welcomed frenzy in the market, creating heavy volume and some very nice volatility. The rest of the week traded on technicals becuz the market did not receive any news as big and the FOMC meeting minutes. Oil plunged in part due to the negative world market news, and heavily becuz of the fact that Saudi Arabia is intentionally pumping oil on full throttle to provide relief to the American economy while simultaneously doing it’s part in the international effort to squeeze Iran. So what does all of this mean to you? Massive profits for those of you who are taking trades on the short side and better prices at the Gas pump for all! Also, there will be three huge reports next week in addition to any news from China, and Greece, which I watch closely to determine the market sentiment. So the last trading week in June is shaping up to be another winner…..in terms of trading opportunities!!
I’ve gotten a lot of really good trading questions recently that I ’ll be answering via newsletter to share with all. Look for that and the upcoming Live Trading Session next week! Until then, you guys enjoy your weekend! And as always TRADE RESPONSIBLY MY FRIEND!
Quote: “Today I will do what others won’t, so tomorrow I can accomplish what others can’t.”
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