08/23/2024

Hey Trader,

Yesterday, we jumped in with a long position ahead of Jerome Powell's big speech — and let me tell you, virtual high fives are flying! 

I'm especially pumped to hear from our members today at 3, because I have a feeling they're going to be very happy with how things played out.

Jerome Powell, the Federal Reserve’s head honcho, is basically the market's reality show star. His talks at Jackson Hole this time of year are like season finales with traders ready to react, waiting to see inflation and interest rates battle it out. 

Today was no different. Traders everywhere had popcorn in hand. (It sounded like most of us thought he’d be dovish, but you never know.)

In the lead-up, the market felt like a shaken soda ready to blow. We took a calculated risk, betting long, figuring that Powell’s words would strike a cautiously optimistic note. And guess what? The Fed still thinks they can juggle inflation and economic growth without dropping everything. We'll take it!

Our trading community was analyzing every possible outcome yesterday ahead of this address. We even took a look at last year’s Jackson Hole market reaction. And just as we suspected, the market shot higher this morning.

As I gear up for tonight’s post-speech review, I’m pretty confident the feedback is going to be pure gold. A lot of our members went long with me and with the market giving us a positive nod today, I’m sure everyone will be thrilled!

There’s nothing better than sharing success as a team. The market can be chaotic, but when we all collaborate, trade ideas, and support each other, that’s where the magic happens. 

And of course making a profit together is NEVER a bad thing…

I’m looking forward to next week, when things should (hopefully) calm down. Once Fed Week is out of the way, we’ll see smoother action and I can get back to my typical trading strategies. 

So, today went exactly to plan, but let’s not get too cozy. The market loves to keep us guessing, and I’m already bracing for a possible bearish shift next week. There’s always something brewing — hyped or hated stocks, inflation fears, geopolitical drama — it’s all part of the game. And if things do head south, we’ll be ready to switch gears.

Flexibility is the name of the game in trading. Next week’s plan? Capitalize on any downside movement, but stay light on our feet in case the market decides to surprise us. It’s like skiing — you've gotta be ready for the next hill or drop, whatever’s around the next bend.

Next week we’ll get back to the fun stuff — strategic, tactical trading with clearer trends. That’s when the Volume Profile can really shine and we put our game plans into action!

Smooth price action means predictable moves, and predictable moves mean more confidence in our trades. I can already feel the energy building as we prepare for next week’s sessions… It's going to be good.

You can join in on the action with us FOR FREE with a trial subscription right here.

Our members are THRIVING making “easy money” right now…

So join us here and I’ll see you at 3:00 pm ET every trading day.

Always be closing,

Olivia Voz