Posted in
Daily Report
By: Tom Gentile
on September 20th, 2022
There really isn’t much more we can say today that we didn’t say yesterday. We are not going to promote day=trading per se in these daily educational articles. Our time duration for our option trades are typically option tht expire out 45-days on average and the patterns we look at are up to 30-days out.
The markets showed more voltility yesterday with its trading rnge being what it was between its high low and close.
Today, the markets traded dwon and stayed that way most of the day with a bit of a move higher off the lows, but nothing too wild that a day trader of options would have had to fruitful of a day.
We are waiting for the Fed Decision Announcement
Tomorrow at 2pm US ET / 11am US PT the decision on whether/how much the Federal Reserve is hikinh interest rates will be made known to the public.
As statd yesterday, the focus will be moreso on the forward looking commentary from the Fed about inflation and how likely the see a chance of a recession or if they are making in-rods to stavign off influation that the markets will be listengin for.
Their usually is a bit of a subdued trend prior to the announcement, but once it is made expect (though it is not a guarantee) an initial pop or drop in the markets. And then the rest of the day as more of the commentary comes out and Fed Chari Powewll delivers his speech about what they did and why and what more they will or won’t do comes out the markets will ebb and flow from there based on that commentary.
We’ll talk to you tomorrow after we hear from the Fed!
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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