There is a substantial amount of volatility in all markets right now – as expected. News of FTX insolvency has crypto markets plummeting. Bitcoin / $BTC Yesterday Bitcoin sat at ~$19k: I called for $BTC at $14k. We’re currently sitting around $16k. S&P 500 / $SPY Dollar Strength Index / $DXY
This week is going to be volatile for 2 reasons: And considering it will take a couple days to tally all the election results (we never had a problem with this before??), Thursday is going to be particularly volatile. If the markets are truly a bet on the future, it will be interesting to see if
If you’re paying attention, you would have recalled this chart I shared with you a month ago on October 3rd. The Federal Reserve steers the market, whether we like it or not. Here’s where we are today: Technical analysis and fundamentals all point to the same conclusion. Here are some key takeaways from today’s FOMC
Volatility Incoming: FOMC Meeting is this Wednesday, November 2nd – Jerome Powell is expected to raise rates another 75bps Over $100 billion dollars was added to the crypto market in the last 5 days Ethereum and Dogecoin were clear winners of the market pump leading up to and immediately after Elon Musk buying Twitter on Friday How Markets Will React to FOMC:
On Monday we looked at the $SPY: I recognized a few things: Old support level at ~$390 could be the new resistance level for the next leg up SPY could peak at ~$390 over the next few days Market may price in Fed rate hikes starting this week (FOMC is next Wednesday) Here’s where we are today: Strong green candles working their
Important dates that could effect the markets this week: The November FOMC Meeting is next Wednesday, November 2 Midterm Elections are Tuesday, November 8 S&P 500 ($SPY) The SPY is on track for a small bear market rally This could be a good entry for a short-term position to exit before the the market prices in Fed Interest Rate Hikes next week Good
A few quick tips: My work here is to educate on short and long term signals – on which direction the market is generally headed based on academic indicators These signals can help develop an investment strategy – they are not the only elements you should factor into your thesis I will share my investment strategy for you to
Mark your calendars. Expect high market volatility leading up to and on these dates: Wednesday, November 2, 2022: FOMC Meeting Friday, November 4, 2022: October Unemployment Data Tuesday, November 8, 2022: Midterm Elections Thursday November 10, 2022: October CPI Friday, December 2, 2022: November Unemployment Data Tuesday, December 13, 2022: November CPI Wednesday, December 14,
CPI is up 0.4% for September 2022 Crypto Altcoins nuked last night ahead of the CPI print this morning This is a signal that the Fed will continue to raise rates at the next FOMC Meeting in November Anticipate 75 to 100 basis point increase which will increase volatility in the markets S&P 500 /
