Posted in
Daily Report
By: Tom Gentile
on September 19th, 2022
This week the Federal Reserve announces its decision on what to do with interest rates. The question isn’t IF they are going to raise or not, as that is a forgone conclusion. The questions isn’t even so much as to how much they are going to raise. Most it seems are expecting another 3/4-point hike.
The concern more than anything it seems is what will the Fed’s commentary going to be regarding the status of the economy and the forward-looking statements they make concerning if they are making headwinds in their battle to stave off a recession and get inflation under control.
The Day Today
Last week education was provided on types of gaps and the prospect of last Friday being an exhaustion gap.
We weren’t feeling too confident about it being a pure exhaustion gap because the day did not have the volume profile that usually accompanies one.
None the less the day today finished higher with the gains coming in the last hour or so. The Dow was done 263-points on its low of the day. Caught an updraft late in the day to close up 197-points, snapping a 2-day losing streak.
We aren’t that enthusiastic to take too many positions or too large a position ahead of the Fed, but for those of you so inclined to do so here are the Morning Reports Lists to show where options activity is.
Morning Reports Lists
App: Toms Option Tools
Toms Option Tools scan the markets for bullish and bearish trade opportunities using our proprietary scans and strategy algorithms. TTR Darknet finds bullish entries based on triple stack channel collisions. Money Calendar identifies seasonal patterns with at least 90% accuracy looking back 10 years. Weekly Cash Clock finds short term opportunities that last a week on average. Microcurrency Trader applies Darknet technology and moving averages to cryptocurrencies. Velocity Trader utilizes volume spike and Velocity indicators on custom stock lists. Quantum Scripts scans the markets for momentum acceleration signals and employs Quantum noise filters. Optimal Trader finds directional pre-earnings opportunities that are optimized for entry date, stock movement, and volatility surge. My Trades tracks the profit/loss of your trades, displays stock charts and risk graphs, creates new trades, and edits existing trades. Morning Report provides top 10 option rankings in 6 categories each day.
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