Powell has me vexed and perplexed 😠

Will the market be able to stomach this                                                                                                                                                                                                                                                                                                                                                                                                                 August 25, 2023 | [Read Online]( I assumed Powell would try to calm the bond market this morning with dovish comments at the Jackson Hole symposium. Wow, I was wrong. Honestly, I’m completely vexed (and a little pissed off, to be honest.) This guy is so intent on getting inflation down to some magical 2% level that he’s willing to crush the stock market and destroy the US economy. Why? His words weren’t just hawkish about the “higher for longer,” but even his tone was aggressive. The market definitely responded. You can see the waterfall sell-off on SPY starting at 10:17 EST. I’m sure glad the Fed is here to save us from inflation. I mean, it isn’t like they created it or anything. Look at this historical CPI chart and come to your own conclusions. Keep in mind that the Federal Reserve was created in 1913 and works to “maximize employment, stabilize prices, and moderate long-term interest rates.” What a great job they’re doing! (I hope you can feel the sarcasm dripping from your screen) Despite the insanity of the market, the [Alpha Hunter]( portfolio is strong. As of right now, it’s up $19,435 in just about two months. Right on track to my $120,000 goal by year’s end. You can see my full results [here](, and heck, I’d love to have you join me for the ride! ✏️ Numbers I Need: Now that all the important earnings are out of the way, and Powell’s remarks are in the books, we need to let the market digest the information. Will the big money investors keep selling, or is this just a shakeout? I’d much rather stay focused on the charts than make any major predictions. Institutions and market makers love to play games with us retail traders. I haven’t become bearish just yet, but I do want to see SPY and QQQ start trading above the red Keltner midpoint on the daily chart. Until then I’ll be looking outside the high-beta stocks and what sectors and stocks are on the rise. Remember, with the option selling strategy of Alpha Hunter, we can trade the market up, down, or sideways. So finding trades won’t be a problem. ⚡ Most Exciting Action: Currently, I’m watching the short-term volatility futures ETF (UVXY) very closely. With the rollercoaster we’ve been on recently, this has proven a very profitable ticker for me. We’ll discuss one such trade in just a minute. Notice how we’ve been getting lots of pops and drops on the hourly chart as fear goes up and down based on market sentiment. Shorting these extensions to the +2 to +3 Keltner channels is awesome. This may be one of my favorite trades. Plus, when volatility spikes we get more premium when we sell options. Higher volatility is great for [Alpha Hunter]( trades. ✅ Past Alert Update: Last Friday, I saw a spike in UVXY that I was almost certain would revert to the mean. So, I sent the following alert to [Alpha Hunter]( subscribers. It was a bear call spread with the strikes above the stock price, so any drop would turn a profit for me. And like clockwork, it worked. I say that not because it’s guaranteed, but historically, this is one of my highest-probability trades. A beautiful 60% win and $4536 profits for the Alpha Hunter portfolio. 💪 I would pat myself on the back, but my shoulder hurts today. Ok, I promised you a lesson on those odd Heiken Ashi candles. 📊 Like candlestick patterns, these developed in Japan as a way to smooth out the noise of regular candles. The term actually means something like “average price” because they combine the two previous candles into one and help determine trend. If the candles are green then the trend is bullish, especially when the lower wicks are short or absent. Likewise, red candles (particularly without long upper wicks) show a sustained downtrend. PRO TIP: I use Heiken Ashi candles to get a clearer picture of when a trend is about to change direction. When I see at least 8 continuous bars in one color followed by 2 of a different color, that usually signals a trend change is coming. If you have never looked into using Heiken Ashi candles on your own charting, I really encourage you to try it out for yourself! I teach about this all of the time to members of [Alpha Hunter](. That is where I share my absolute best trading ideas, strategies and education on harnessing the power of options selling every day. PLUS, Alpha Hunters get to see my EXACT trades in real time via the Raging Bull app. Plus, all members get exclusive access to:. The Alpha Chamber - Live analysis, trading, and chat Detailed Trading Plans - Direct to your inbox every single day Alpha Pulse E-Book - Learn HOW to sell options the right way [>> Click here to join right now <<]( 👉Next time, we’ll continue your education with a look at key moving averages. As usual, knowledge is power. By the way – I’m running a Friday special for you! This is happening for members and no one else. I have arranged an incredible offer on my services that is so low, I can only offer it over the phone. If you want to lock in a bargain price on either Alpha Hunter or Bullseye Trades, you need to pick up the phone right now! ☎️ I’ve brought RagingBull’s specialists to the office and they’re here to help. Because by contacting today, you’ll instantly save up to $1000s! There, Davis & Jeff’s phones and emails so you have TWO ways to reach out! 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