Whatâs happeninâ everybody? Well, Wednesdayâs Fed day trading session has come and gone, and, to no one's surprise, there was a lot of smoke being blown by Chairman Powell. If youâre actively trading or simply at the point where you are trying to learn all you can before diving in, I canât stress enough how important it is to pay attention to the language contained in the Fedâs quarterly statement on interest rates. Like it or not, the twelve voting members that place the votes that shape monetary policy have incredible manipulative powers over the market. Thatâs why I take the time to dissect these comments for my members. I mean, look at this snapshot of one of my live sessions on Wednesday! I literally walked members through all of the changes that have occurred since the last meeting, so that there is no mistaking where the âGreat and Powerful OZâ is going to take markets next. Now, the price action in the market is often a little extra wacky coming out of these meetings. [Thatâs why I like to focus on using my â]([smart money]([â and unusual options activity scanners to find my next ideas right after these meetings conclude.]( And when these scanners are showing big call buying right ahead of earnings, in a stock that is already showing signs of wanting to bounce off of support, well, thatâs an idea I want to pay attention to. [Click here to see what stock I believe deserves some attention.]( Ben Sturgill RagingBull, LLC
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