Monday Night Call Recording 4/29/2024 – Bubba Trading

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Monday Night Call Recording 4/29/2024

Quiet mixed markets ahead of FOMC and Jobs

Markets were mixed on Monday as we wait for the FOMC on Wednesday and Jobs Friday. Chair Powell finally said there could be a rate hike because they can’t control inflation.

What no one is talking about is the data and interest rates which are exploding higher. How will the market react to the rally that was built on the hope of rate cuts when they don’t come.

We don’t have the answers but there is certainly reason for concern. Inflation is hot, people are spending more than they are making and the FED is clueless.

This rally will eventually end with a thud, the gaps in stocks is reminiscent of the 90’s. Those who fought it then got carried out. We know it will end, but trying to figure out when is a fools game.

THE FREE MARKETS MUST TRADE FREE

As traders and investors, we have one thing to remember, follow the trend of the market. Be patient disciplined and leave your emotions out. The most important thing to remember is money management and self-control.

Monday Night Notes for 4/29/2024

We watch price levels, not sentiment
Be safe and healthy
Don’t be a prophet, make Profits

Bubba

By Todd "Bubba" Horwitz|2024-04-30T10:24:07-04:00April 30, 2024|Monday Night Call|Comments Off

About the Author: Todd "Bubba" Horwitz

For more than 36 years, Todd “Bubba” Horwitz has enjoyed a successful career in the financial industry. He began his profession in 1980 as was one of the original market makers in the SPX Trading Pit at the Chicago Board of Options Exchange. He has traded at all of the major exchanges in Chicago and is currently a member of the CBOT. In addition to his trading, for the past five years he has concentrated on writing, education, and a media career.

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