Fed is pushed the possible rate hike out to Oct-Dec, This constant issue that overhangs the market probably does not help the long term trader/ swing trader, but it does wonders for the volatility and short term traders.
I was leaning towards a rate hike this month just because I wanted to get it behind us. Now that it has been made clear the conditions still need to be monitored I have no reason to look for trades to last more then a week. Short time frames and tighter profits.
A couple thoughts..
Considering the economy is not up to speed yet..As I think that is what the Fed is looking for some sign of momentum building in the economy, Wage growth is a big point in focus..and so is China. The Fed might dare i say this but turn on the QE spigot again if and when the rate raise comes.
Second thought.. If the delay in the Rate Hike could not boister any rally. The market could be setting up for a further pullback when many thought this propell us to new highs.
This weeks video holds all, The Market Radar and the watch list and some other stocks in focus
