By: Tom Gentile
on January 6th, 2022
Minutes From the Latest Fed Meeting Were Released Yesterday
Yesterday the fed minutes from their last meeting were released. Toward the close of the day, the markets had a bearish slide — closing at or near their lows.
There wasn’t much participation in the bonds, US dollar or Gold either. Typically, there is an inverse trading correlation since between these and US equities, but yesterday it seemed most everything saw an exodus of cash and traded lower.
I Expect the Stock Market to See a Bounce
My anticipation was to see the markets open a bit lower today, but eventually find some bargain hunters stepping to cost average their positions / stock holdings.
I am not sure how much of a bounce or for how many days it may do so, but if it has follow through to the upside here are some options that are seeing Unusual Call Option Volume that may be worthy of further research.
App: Toms Option Tools
The list you see in the image of today’s Market Insight article and other lists with different Options Classifications can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app. Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.