I don’t think FOMC Wednesday means that much. And the market will get through MSFT and META earnings whether they are a bit better or a bit worse than expected. Been saying for weeks “take the summer off, it’s going to chop”. I posted my very short term buy from Friday in the SPY and SPX options.

They worked modestly, as I took the profit when presented as I indicated I would. I slightly favor the market higher from here. “Slightly favor” also means not too big of a surprise if we moved lower. Better times for trading opportunities are ahead for sure and certain. Right now, there is no need to trade on the markets terms with the slop it is serving up. Be patient and we will get to trade on set ups we quite favor.
Thanks,
Joe
PS-I have mentioned a new program that I have been working on for the past few years recently. I have been watching it adapt to this market and this thing has been absolutely on fire. If you want to see the trades it is kicking out, click here.
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