Whether it’s a short squeeze or more buying, the market went up a few minutes after Federal Reserve Chairman Jerome Powell started speaking Wednesday. He highlighted the end of the Federal Open Market Committee (FOMC) meeting this week.
Yes, there might be really negative economic data coming sometime in the future. But we don’t know how much of that the market has already priced in, and it might take time for it to kick in.
So if the market wants to go up, we ride it and deal with the negative stuff when it starts to matter. Here’s how I’m seeing this ride:
Can the market maintain the overall rally? More outside news events – central bank actions and earnings season reports – continue to influence price action. How do you trade a market with this level of uncertainty? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!
Your Profit Pilot, TG