Have you ever played that children's game where they blindfold you and spin you around? Our chances of launching as successful new play on Wednesday are about as good as your chance of pinning the tail on the donkey.
Market direction will be a coin toss with a new coin toss every 5 minutes after the announcement. The Fed decision at 2:PM and Yellen press conference at 2:30 will be the highlight of the day. Typically there are strong moves in both directions after those Fed events.
We already have a full portfolio and I do not want to add new plays only to see them stopped out before the day is over. We need to be wise stewards of our trading accounts and only launch new plays when there is at least a chance of knowing market direction.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays