Rally after FED announcement - US Watchlist
Stocks reversed sharply higher yesterday after the Fed made its policy announcement. Bulls took over and pushed the markets higher.
The Fed said it will halt pandemic-driven asset purchases sooner than expected. The central bank now plans to decrease purchases by $30 billion per month, leading to a likely halt end of first quarter 2022.
That sets the stage for three interest-rate hikes in 2022, to help counter inflation. This would boost the Fed's benchmark overnight lending rate to a range of 1.5%-1.75% vs. the current 0%-0.25% range.
The major market indices could gain significant ground resulting in a bullish Follow-Through-Day under heavy volume yesterday. That could indicate that the market is back in a confirmed uptrend — swing traders can start again to add positions to their portfolio.
However and as always, we need to take a careful look at this first follow-through-day after a significant market correction. When and only when you see traction in your own portfolio, then you should consider to get more aggressive again.
Stocks in our model portfolio ar making decent gains and there is a good number of new stocks meeting our stringent criteria for our watchlist.
Here is the link to our model portfolio and the watchlist for momentum swing traders:
de.tradingview.com/watchlists/67049859/
The Fed said it will halt pandemic-driven asset purchases sooner than expected. The central bank now plans to decrease purchases by $30 billion per month, leading to a likely halt end of first quarter 2022.
That sets the stage for three interest-rate hikes in 2022, to help counter inflation. This would boost the Fed's benchmark overnight lending rate to a range of 1.5%-1.75% vs. the current 0%-0.25% range.
The major market indices could gain significant ground resulting in a bullish Follow-Through-Day under heavy volume yesterday. That could indicate that the market is back in a confirmed uptrend — swing traders can start again to add positions to their portfolio.
However and as always, we need to take a careful look at this first follow-through-day after a significant market correction. When and only when you see traction in your own portfolio, then you should consider to get more aggressive again.
Stocks in our model portfolio ar making decent gains and there is a good number of new stocks meeting our stringent criteria for our watchlist.
Here is the link to our model portfolio and the watchlist for momentum swing traders:
de.tradingview.com/watchlists/67049859/
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini