It wasn’t much of a shock that rates went up today but the possibility of more hikes is what rattled the markets. Oil dropped slightly denting our two oil related positions but that looks short term. Any further decline is a sign to exit if you haven’t already. The other trade is looking to keep moving up.
Here is the chart and let’s look at the next price target.
With a slight delay after the meeting the NASDAQ gave back over 200 points by the close. It looks to continue the decline as money moves out of tech. The ongoing AI fears aren’t helping tech but this is all helping our trade.
It was up about 10% at the close and should move higher tomorrow.
We’ll update in the morning so watch your inbox.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily
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