ETF strategy for today's Fed reaction

KCalhoun

KCalhoun

I like having both bullish and bearish scenarios covered.

If the post-2pm reaction to today's fed announcement is bearish I'll buy UVXY TZA SQQQ. If bullish I'll buy SOXL and perhaps TQQQ.

Remember there's a whipsaw immediately following fed announcement, so the major reaction trend is often not strong until 15 minutes or so after initial reaction.

Personally I'm hoping for a big selloff so I can daytrade 1k+ UVXY from 15-17
 
KCalhoun said:
I like having both bullish and bearish scenarios covered.

If the post-2pm reaction to today's fed announcement is bearish I'll buy UVXY TZA SQQQ. If bullish I'll buy SOXL and perhaps TQQQ.

Remember there's a whipsaw immediately following fed announcement, so the major reaction trend is often not strong until 15 minutes or so after initial reaction.

Personally I'm hoping for a big selloff so I can daytrade 1k+ UVXY from 15-17
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Solid plan!
 
Laissez Faire said:
To those of you who follow the news - what's the expectations from the FED today?

I'm bullish for the day regardless of the FED - but being a FED day everything is on the table...
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Down when Powell's face shows up. Reclaim and go up later. I belong to the group that thinks there is going to be a small retest of circa 4550s before rallying higher as usual.
 
Girija said:
Down when Powell's face shows up. Reclaim and go up later. I belong to the group that thinks there is going to be a small retest of circa 4550s before rallying higher as usual.
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On the last statement we actually rallied higher into the FOMC statement. The prior ones sold off into the statement and then reversed higher. Let's see where the day takes us. :)

4550 today or later in the week/month?
 
Laissez Faire said:
On the last statement we actually rallied higher into the FOMC statement. The prior ones sold off into the statement and then reversed higher. Let's see where the day takes us. :)

4550 today or later in the week/month?
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In a week or 2 hopefully before Thanksgiving
 
choppy af, typical prefed ....
spy3nova.jpg
 
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