Powell to give his testimony at the Congress later today. Guess the market will be volatile. Will market open low then pulled up as Powell speaks? I do not know. But the last few times, the market is pulled up but fell back on the following day. Playing short term is equivalent to guessing. We may get it right, or we may get it wrong. Some good technical traders will have a better winning rates. But for normal folks like us, stick to longer term and observe the macro environment. Watch the July earnings and make plans accordingly. Normal folks will have a higher winning rate if we invest with a longer time horizon. So just ignore the daily movement unless you are a good short term trader.
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