Market Update 9/21/22 - Today's The Federal Reserve Announcement

Today's The Federal Reserve Announcement

Of course today is the fed announcement, and the BofE, and maybe we see another little shakeout on this breaking news, but the market is going to see this as a green light. 

Everybody knows rates are rising.

I'm doing much better today, after getting caught up on some lost sleep, yesterday.  You've heard of good sleeping weather? Well, this is what I would call a good sleeping - rather than trading - environment. I mean how boring is this?  

Placing a rare, "Buy and Hold", on a certain sector. More on that below.  

What's with this dull market? 

At this point, I'm sure the bears are wondering why the market can't seem to sell-off like it did - 5 days ago (yesterday/Technical Tuesday) to be exact. Ever since, trading has been very dull, and you should all know why that is, after all I've taught you over the past several years. Impress me, by explaining to me, why you believe this is, in the comments section, and I'll be happy to throw you some free charts!   

There's a hint - contained in the previous paragraph - as to what I'm seeing in this market, and that's all you get for free, but I'll be sure to fill you in, after I make some killer money next week. 

I've got this! 

Market futures flat. Finally getting a good read on this market, and have a good idea how to trade it going into the weekend.

— Veteran Market Timer (@3Xtraders) September 21, 2022

Today's Pinned Tweet 

I've got all the charts you need, to successfully trade #thefed announcement, and more importantly, into the end of the month. https://t.co/pEv7T6YF9g

— Veteran Market Timer (@3Xtraders) September 21, 2022

To review the recent action: 

1. Last Tuesday - the rug was pulled just below the 50 day moving average, and the gains of the previous week, given back in 1 day. Even I was a little surprised by this, and this is coming from someone who doesn't get surprised too often, anymore. The reason I was surprised, was not that the CPI number was that bad, but that after the market, after gapping up, more than once, in the previous week, that the market would gap down, and momentum would shift to the downside, so abruptly! You just don't normally see momentum shifts like this, but this was a very well coordinated bear raid. 

2. Over the next/past several days trading has slowed to a trickle, with the DOW only trading 300 points lower, than last week's low of 31k (even).  Another even number target.  

3. This morning we see market futures waffling again, and this in the face of the #1 threat that faces our survival as a species - nuclear annihilation. 

Putin announces ‘partial mobilisation’ of Russia and threatens nuclear retaliation saying ‘I’m not bluffing’ theguardian 

At least Europe is smart enough to reduce risk, on this news, as we see futures mostly red in the UK. but not in the US! There's a very logical reason for this, and the answer to this conundrum is one you might not expect, but this alone is well worth the price of admission. Don't miss this 1 time offer, to learn something that's not only going to help you trade this week, and next, but for years to come!    

Good luck, AA 

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