Wow, what a day in the market! The Fed’s decision to not begin tapering was huge for the market today, as news of the decision led to massive rallies across commodity classes, including Crude Oil, Gold, FX futures, and of course the Index Futures markets.
I’ve got some live analysis and trades for you below, in addition to some great calls in Gold, and also a FREE Webinar. Read on.
Saturday Webinar with MrTopStep
MrTopStep, to whom I’m a contributor for in their IM Pro Trading Room, is hosting a free webinar this Saturday at 11am CT. I even make a cameo appearance!
Do me a favor, sign up for the webinar, even if you cannot make the live event, as signing up will give you access to the recording when it becomes available.
I hope to see you there!
CLICK HERE TO REGISTER!
A Couple of Fed Day Trades
I provided some live play-by-play during the Fed annoucement and took a couple of quick trades in Crude Oil and the E-Mini NASDAQ 100. The CL trade went for 40 ticks, and I picked off 10 points in the NQ.
Watch the 3-minute video below to hear my live analysis of the events as they unfolded, and to see the trades I pulled live.
Gold Breakout!
Premium Members of my website received a post-market report for Gold last night in which I detailed why I believed Gold was ready for a huge breakout.
I think “huge breakout” is actually an understatement, as Gold popped off for mammoth 76-point rally — in one day! What’s this worth? At 76 points, this move was worth $7,600 per contract traded, which amounts to a 76% gain on margin. Again…in one day. Simply amazing.
I’ve actually unlocked the report for you to see it for yourself: CLICK HERE TO READ THE REPORT
This is actually the second time in the last week that I’ve called a huge move in Gold, as I wrote a report on September 11 that called for a breakout, as well. This particular move was worth about $3500 per contract.
CLICK HERE TO READ THE INITIAL REPORT, and CLICK HERE TO READ THE FOLLOW-UP REPORT.
Gold has been a great mover lately, and two calls worth 11k in just a week’s makes this commodity one of my favorites lately.
The reports I’ve unlocked for you above are for my Premium Members, which you can read more about at http://pivotboss.com/premium-membership/.
Cheers!
Frank Ochoa
PivotBoss | Own the Market