Let's Trade

7/28/21 - Big volume on the day for FOMC statement


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Q's finished the day up, Spy had a very close break even day, however finished in the red and the DOW also finishes down about .36%.

Huge volume spike right at the time that the FOMC and Jerome Powell started talking, showing that investors really take into account what is said from them. Buy/sell volume was split right down the middle though meaning that investors are torn on which way to go, will be an interesting rest of the week to say the least.

Bitcoin hovering above 40k for most of the day which is a good sign of strength, looking for a move above 42k now to really get things moving for the crypto market.

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Let's TradeBy Derek Hutson