The Markets
Good evening all,
A very brief update this evening as the market is waiting on the long-anticipated rate cuts from The Federal Reserve.
They will begin the meeting tomorrow and make the interest rate announcement Wednesday afternoon. Expectations are nearly evenly split between 0.25% and 0.50% cut.
As we wait, the market is quiet, choppy, and grinding slightly higher on lighter than average volume. Expect more of the same heading into Wednesday afternoon.
65m charts of SPY, QQQ, IWM, and DIA
We’ll get a deeper look closer to and after the event.
Also, in case you missed it Saturday morning, have a look at the Weekly Chart analysis posted here.
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The Disclosures
***This is NOT financial advice. This is NOT a recommendation to buy, sell, or trade any security. The content presented here is intended for educational purposes only.
Andrew Moss is an associated member of T3 Trading Group, LLC (“T3TG”), an SEC-registered broker/dealer and member of FINRA/SIPC. All trades placed by Mr. Moss are done through T3TG.
Statements in this article represent that person’s opinions only and do not necessarily reflect those of T3TG or any other person associated with T3TG.
Mr. Moss may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual, or it may reflect some other consideration. Readers of this article should consider this when evaluating the information provided or the opinions being expressed.
All investments are subject to the risk of loss, which you should consider in making any investment decisions. Readers of this article should consult with their financial advisors, attorneys, accountants, or other qualified investors before making any investment decision.
POSITION DISCLOSURE
September 16, 2024, 4:00 PM
Long: XBI0920C120
Short:
Options symbols are denoted as follows:
Ticker, Date, Call/Put, Strike Price
Example: VXX1218C30 = VXX 12/18 Call with a $30 strike