Let's Trade

7/28/21 - Earnings continue, FOMC speaks


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Markets start pretty tame today, so far Q's only index in green but not a lot of major movement.

FOMC and Jerome Powell both delivering statements at 2 ET after concluding their 2 day meeting on monetary policy. There is bound to be some reaction in the market as investors generally put a lot of weight into what those 2 entities say. Be careful if you are still holding intra day trades around that time.

Bitcoin having a nice chance at what looks to be a potential rally, broke above 40k to almost 41, and has pulled back to 39.7k. A pullback after making a move up is not out of the ordinary, what we would like to see now is after that pullback putting in a newer high above 41k.

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Let's TradeBy Derek Hutson