April 6, 2022

Good morning MonsterTrades!  Few updates for the open today.   We have the Fed minutes release today. Brainards comments yesterday on “rapid” reduction spooked the markets and literally pulled the rug under everyone’s feet yesterday. This now seems to be the case with a number of instances where a Fed member speaks leading into the release and a comment just absolutely spooks everyone. This is why we continue to remind everyone; do not chase the day-to-day swings right now. It’s not that type of market. Continue to be patient here and let’s get through the Fed release. Some outstanding set-ups are there. We have earnings season set to begin next week. Stay patient and be rewarded. 

 

QS stop adjusted to 18.76
NU stop adjusted to 7.50