SHort going into the fed meeting

M

musicman

I may get my ass handed to me a bit but I took a small short position on the QQQQ at 49.02 going into the fed decision. There has been a steady rise over the last week and I think that even if the fed does drop the rate by ½ a point the market will still sell off at some point today. I am hoping for no change or just a ¼ point move which will for sure mark a sell off. Any thoughts ?? I do not want a rate cut , I have to much money sitting in CD’s :-}
 
Quote from musicman:

I may get my ass handed to me a bit but I took a small short position on the QQQQ at 49.02 going into the fed decision. There has been a steady rise over the last week and I think that even if the fed does drop the rate by ½ a point the market will still sell off at some point today. I am hoping for no change or just a ¼ point move which will for sure mark a sell off. Any thoughts ?? I do not want a rate cut , I have to much money sitting in CD’s :-}
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Should have went with PSQ, no need to short QQQQ when you can trade PSQ instead.

If there is no change expect these gains to head south in a matter of seconds, could close down over 100+ points.... if there is a 1/4 point cut I think the markets will close .5-1% higher, a 50 Basis points cut and I think the DOW can add on 250+ points.

I would think a .25 cut is most likely, however they should not cut to begin with.
 
Quote from Moderate:

i think were gonna get a cut :)

good luck $$ all or nothign trades are awesome
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You better be hoping for .25 because .50 IS NOT HAPPENING.
 
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