Tuesday Market Wrap and Must Reads

  The only way to end your day   📉📈 Markets close lower but pare early losses Major averages closed lower Tuesday, however, steep early losses were pared by a low grind higher intraday. The small cap focused Russell 2000 ETF (IWM) led the way to the downside, falling 2%. The tech-heavy Nasdaq-100 ETF (QQQ) shed 0.87% and the S&P 500 ETF (SPY) dropped 1.12%. A myriad of factors could be attributed to Tuesday’s market action, but they can all be boiled down to one word - uncertainty. And the market sure hates uncertainty. Fresh numbers from the Job Openings and Labor Turnover Survey for March came in lower than expected - signs of a hot labor market potentially slowing down. Employment openings hit their lowest levels since April 2021. Regional banks again were in focus, a day after First Republic (FRC) was taken over by JPMorgan (JPM). PacWest (PACW) and Western Alliance (WAL) were each halted after dropping more than 20%. The Federal Open Market Committee (FOMC) concludes its two-day meeting on Wednesday, and investors eagerly anticipate the latest rate hike decision from the central bank. Currently, traders are pricing in a 87% chance of a 0.25% interest rate increase. The focus then shifts for the post-meeting statement, where investors will try to see whether the Fed expects to continue or pause its rate hike cycle at the next FOMC meeting. FOMC announcements tend to bring added volatility to the markets - thankfully Chief Economist Garrett {NAME} and “The Warlock” Kenny Glick will guide traders through the post-Fed meeting market - and the fallout that ensues. Tune in, COMPLETELY FREE, to [Money Morning LIVE]( tomorrow at 1:45PM ET. Click the link below to add this event to your calendar so you don’t miss a single minute of fast-moving live trading action. Add event to calendar [Apple]( 365]( 🛢️ Oil, natural gas both move lower West Texas Intermediate (WTI) oil contracts fell 5.35%, while natural gas shed 4.31%. ⛏️ Alternative investments on the rise The price of gold rose 1.71% to $2026.20. Over the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) added 2.27% and 2.1%, respectively. 👨‍🌾 It's not just the Fed... Well before the FOMC releases its interest rate decision on the market, investors have a few economic reports ahead of them, starting with ADP Non-Farm Employment Change at 8:15 AM ET. The Institute of Supply Management (ISM) Services Purchasing Managers' Index (PMI), which surveys purchasing managers but excludes the manufacturing industry, releases at 10 AM ET. These releases could set the early tone for trading on Wednesday ahead of the FOMC statement and press conference. 📊 Earnings on deck Tuesday after market close: AMD (AMD), Ford (F), Starbucks (SBUX) Wednesday before market open: CVS (CVS), Yum Brands (YUM), Barrick Gold (GOLD) Today's leading sectors: Consumer Discretionary (XLY +0.1%) Today's lagging sectors: Energy (XLE -4.3%), Biotech (XBI -2.88%)   Must Reads     How to time the bottom of the market with one chart Tomorrow I’ll be teaming up with Kenny Glick. We’ll be ready (and streaming live) the instant the FOMC breaks cover and speaks to the media. As we’ve seen with every other meeting, the markets can make extremely lucrative moves for those who’re ready just a few minutes ahead of time. We’ll have our finger on the trigger, ready to “trade the Fed” and make some fast cash.[Keep your eyes on your inbox for a special invitation...]( [Continue Reading](     This is what you need to do to prepare for tomorrow's Fed event Tomorrow at 1:45 pm ET, I will be trading the Fed with Garrett {NAME}. The Fed will reveal what it’s decided to do with raising interest rates. And the markets will overreact as always to both the news and Powell’s speech. [We’re trading it live tomorrow because there are always gains to be made off the reaction, and volume is going to flood into the markets...]( [Continue Reading](     [Real Testimonials from Real Traders]( Business owners, teachers, police officers, farmers - we’ve got messages from everyday Americans trading Kenny Glick’s Private Bull Market, and they’re telling us about rare, moonshot gains ranging from 300% to 1,073% in a day. [See their stories here.]( [Continue Reading](     What affects option pricing? One of the main factors that affect an option's price is the volatility of the underlying asset. Volatility is a measure of the amount and speed of price changes in the underlying asset or stock. [Mark walks through his process for analyzing the volatility of Apple (AAPL) ahead of earnings...]( [Continue Reading](     The 3 Stocks Dragging Down the QQQ As a technical trader, I am always looking for incongruities on the market to identify trades. Well, the Nasdaq 100 Index has been struggling to get itself into positive territory recently. [There are three stocks in particular that are really weighing down this tech-heavy index – and I’ve identified trade opportunities for each…]( [Continue Reading](     There’s “Rich”... And Then There’s “Texas Rich” As we speak, a massive bidding war in the oil fields of the Permian Basin is setting up for a new generation of “Texas Rich.” All you need to know is the right acquisition targets and how to play ‘em. Garrett {NAME} is sharing the full game plan: his targets, the buyers, and the date of every single deal. If you’re ready to learn the meaning of “Texas Rich,” [Check it out by clicking here.]( [Continue Reading](   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! (Especially hearing how much you LOVE the content you receive from Trading Today) So whatever your pleasure - whether it’s [Twitter]( [Instagram]( [TikTok]( or [Facebook]( - give us a like, a follow, or leave us a comment (or an emoji 💸)! Never miss another issue! up for every daily newsletter that we have to offer]( never miss another watchlist, free trade, or lesson ever again! - Boom 💥 Editor, Trading Today   [Twitter]( [Instagram]( [TikTok]( [Facebook](     The Trading Truth Everyone thinks of trading as fast, quick, and big. But did you know you can trade to build steady wealth? I’m proof. 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