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Post FOMC Analysis

investorcharts.net

Post FOMC Analysis

PetrTrades
Mar 23, 2023
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US Steel runaway gap lower.

Long term chart of Steel

Most banks also have downside targets yet to be reached with no exhaustion in sight

TSLA is offering a nice short-term trade against the 150 level

We should continue to see the 2-10s steepen

Keep an eye on the yen if you are trading the curve… this has been leading in many cases for execution purposes

I’ve been keeping things brief because the market is really quiet the scalpers paradise. Things are shifting very quickly under the surface on a day to day basis. Livermore might have been right about holding profitable positions or winners in the long term, but holding on to trades in this market has been an easy way to turn a good winner into a loser.

I’m mostly in cash trading futures momentum. The risk-reward does look appealing to the short side on the above mentioned names

Best of luck,

P

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