Good morning traders,
FOMC Trade:
Caution, caution, caution this week. I’ll be trading around FOMC – but caution warranted considering the recent snap-back in markets and critical areas of resistance being tested. I am likely to adjust current swing trade positions also (see below).
Key Quotes (Barclays):
“Look to the minutes for insights as to whether FOMC participants see the rate hike cycle as essentially complete or members still expect further rate hikes as part of the baseline outlook.
We expect the minutes to signal that the committee is prepared to release its plan for the end of the runoff of its balance sheet “soon”, which we believe will come at the March meeting.”
Oil trading range on the holiday Monday was limited, the machine trade did execute on one trade (for a win) but I myself didn’t take any. The trade was the best range trade of the day by far.
Overnight oil futures trade was in a tight range and not executable on intra-day basis.
If you missed it, be sure to read up on the oil trading rule-set for your oil trading Protected: Strategies for Day Trading and Swing Trading Crude Oil | Premium Member Newsletter.
EIA Report is not Wednesday at 10:30 this Week Due to Holiday:
EIA Data for week of February 15, 2019 alternate release date February 21, 2019 Thursday 11:00 a.m. due to Monday holiday. #EIA https://www.eia.gov/petroleum/supply/weekly/schedule.php …
https://twitter.com/EPICtheAlgo/status/1097846805931442178
Stocks to Watch:
Be sure to check in on my current positioning for swing trading per last member report Protected: Swing Trade | Current Positions $GOOGL, $NKE, $ARWR, $XOM, Oil, Gold, Bitcoin, NatGas …
I expect to be adjusting positions this week considering FOMC and various technical levels being tested on the charts.
New to my watch list are EEM possible long, dollar possible short and IBB possible long. These will be on next swing trading report.
25 Stocks Moving In Tuesday’s Pre-Market Session $ICPT $EHIC $WMT $RIOT $UNIT $WIN $MTFB $WTW $CNSL $HSBC $ALLE $WLK
Next Trade Coaching Event:
We are releasing details tonight for the next trade coaching event in Cabarete to be held April 2019. This will include a machine trading component not previously included.
Online Trade Coaching Webinars:
We are also releasing details tonight for mini trade coaching events for each algorithm model trade, swing trading and day-trading.
News:
If you did not receive an email, here is the news release link: SOVORON™ Selects Compound Trading Group Machine Learning Data | Media Release.
SOVORON™ offers a unique trading service providing clients with technology application based Machine Trade of personal investment accounts. To explore their unique client service structure click here http://sovoron.com/ or call 1-849-861-0697.
My Schedule Today:
I am in the live trading room for open, mid day, during active trade and futures this evening.
I will be available in Discord this evening for any questions about the upcoming events – the trade coaching event (in person) in Cabarete and the mini trade coaching events (online).
Have a great day!
Curt