Quick Wins: Fade the Fed
When the Federal Reserve speaks, we trade.
A quick update on the state of bitcoin and a reminder that there are always quick and juicy wins available for those that are alert and watchful!
This morning was a reminder that you can long and short the Fed at every single turn because any time they open their mouth — whether that’s through a scheduled FOMC announcement or a wayward, ad-hoc comment via Powell or Yellen — you can bet that the markets will respond.
Aside: What in the heck is this?
In any case, when the CPI print came in red hot @ 8.5% you knew that the markets would react and give them a response:
And like that an opportunity for a short snipe on the reaction:
And like that she whipped up on the news based on retail sentiment and the larger players quickly faded her into the dirt — almost a 1,000 point drop:
I wasn’t awake for this particular opportunity and it could have been a pretty simple trade because much of this is public information — you can find the public Federal Reserve calendar and schedule here for instance:
To go one step further you can use this custom search to get more specific details:
There isn’t any reason why you couldn’t put on trades based on the larger market movements and sentiment that the Fed brings each and every week as it can present healthy and profitable (and quick) wins for the courageous.
And if you had even larger stones you could live-trade the livestream (which many folks do and they are sniping in both directions):
Buy the rumor and sell the news, as it were.
Otherwise the same larger bullish harmonics shared yesterday (Bat / Navarro) are still very much in-play and either activated or waiting on activation for a bump to the upside. Many folks are calling for a “slow melt-up” but I won’t make any major plays until I receive some more confirmation. Lots of money to be made.
To infinity & bitcoin,