How I'm Trading Post Fed and Trade Ideas for Tomorrow (9/22/22)
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What a crazy day, mostly good for bears as lots of scary news. One thing the market doesn’t like is uncertainty and we got a lot of that:
Putin mobilizing 300K troops
Warns the West nuclear threats are not bluffs
US home sales fell MoM
Fed raises by 75bps
Powell warns of possible "pain" to businesses
JP Morgan CEO tells Congress to "prepare for the worst"
Obviously the market didn’t like all of this.
That’s not to say that we’re losing, I mean our DRV 0.00%↑ 3X Short Real Estate swing play from a few weeks ago and MSFT 0.00%↑ short from Weekend Wall Street are both pringitn.
The question is… how will I proceed from here? Let’s get into that.