I’m bullish on market especially if JPOW tone at FOMC is dovish.
I’m holding my $SPDR S&P 500 ETF Trust(SPY)$ calls with $540 strike and look at when they expire. I’m bullish on market especially if JPOW tone at FOMC is dovish. I expect it will be + US election year.
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You’re suppose to use a stop loss, but you keep getting stopped out right before it runs.
How trailing stop loss works? As the price of the stock goes up and you are making money this stop loss FOLLOWS the price up too until it spikes down and hits your stop.
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CPI comes in at 0.0% vs estimates at 0.1% and annualized 3.3% versus 3.4% estimated. Good inflation news ahead of the Fed this afternoon.
$E-mini S&P 500 - main 2406(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$
Core CPI grows 0.16% M-M in May, below expectations of 0.28%. Year-on-year, core CPI is now 3.4%, versus 3.6% last month.
CPI Down(better than expected). FOMC to go