Hello Everyone,
Quick Note: Following yesterday's reversal in the major indices, we managed to get a slight follow thru today. Tomorrow is FOMC day so be prepared for increase volatility. After being terribly late to act, the FED appears to be deadset on taming inflation (tightening) with the end result being demand destruction which is NOT conducive to risk assets. With that said, the market reached extreme oversold readings and is now unwinding upward (relief bounce). Day to day and level to level here within this backdrop is about the best advice one can provide for traders. As far as trade ideas, slim pickings with a few names in the energy space. Adhere to your plan.
Please take a moment to look at the trade ideas.
