FED Reduces rates to ZERO – How to trade Today 3.16.20
Welcome to Smart Money Alerts for Monday, March 16, 2020.
Major news over the weekend as the Federal Reserve dropped interest rates to zero percent.
Stock futures exploded, then overnight locked limit down (see chart below). The situation is dire, but we need to remember this is our job. Trading is what we do for a living.
Which means we must capitalize on the increased volatility.
In today's episode of Stocks for Breakfast we review day trading strategies and how to flawlessly trade them.
We also discuss a long-term stock pick that approaches the lowest stock price the company has seen since it became a public company. Carl Icahn was quoted recently as saying the stock was "being given away."
Building a position in OXY between $5-10 is something to consider for a long-term trade.
Also in today's section on trading strategy I give clear examples for how to create a trading game in your own stocks. I give exact price levels to watch and how to pick high probability trades.
We're still sticking to day trading right now as the long-term picture is still a mess. The coronavirus pandemic has created opportunity for traders, but has left the world in turmoil.
Let's pray the situation resolves itself soon.
Have a great day and be disciplined.
Pete
If you have any questions, please leave a comment below the video.
If you prefer to send an email: Pete Renzulli, [email protected]
Former hedge fund manager slams Wall Street in viral video
One bold former hedge fund manager just went on camera to expose how Wall Street is failing American investors right now. He’s boiled down what’s happening in the markets to just two words.
And he’s urging people to take notice. You’re not going to see the details of what he’s predicting anywhere in the news, especially not from the big banks on Wall Street.
