The Warlock – Kenny Glick – here.
On Wednesday last week, the market made a HUGE move to the upside.
Because of the central bank aka the Federal Reserve.
I generally don’t give two hoots about monetary policy. As a nimble day trader, it doesn’t matter WHAT the Fed says, but HOW it affects the market.
The Federal Open Market Committee sets monetary policy – things like raising interest rates and controlling the Fed’s balance sheet.
With inflation running high right now, the Federal Reserve plans to adjust their policy.
Raising interest rates has a HUGE effect on the market.
The market also hates uncertainty.
That’s why whenever the Fed meets or releases a statement, the market becomes flushed with volatility.
If you don’t know what you’re doing, it’s easy to get chopped up.
That’s where Money Morning LIVE and Warlock’s World step in.
Money Morning LIVE has been broadcasting for the last three Fed meetings.
And there’s ALWAYS a Warlock’s World representative front and center. For damn good reason, too.
8-Baller and I know how to make quick trades in an insane market.
We also know what to watch for that could signal the market making a turn in either direction.
That means instead of getting chopped up like everyone else – you sit back, watch, and wait for the Warlock’s World home run hitters to tell you what the market is going to do.
Don’t believe me?
Like I said, Money Morning LIVE has been on air with our traders for the last three Fed meetings.
Did you know that after each of those meetings, the Invesco QQQ Trust (QQQ) moved 15 points off the daily highs or lows?
Back in January, 8-Baller and I traded the Fed meeting LIVE.
You can find a replay of that session right here (scroll to the January 26th replay).
I marked a significant price level on QQQ and used the Proshares Ultra VIX Futures (UVXY) as a signal for which direction the market would go.
Or how about in March, when I was out and my Warlock’s World brother 8-Baller traded the Fed with Garrett Baldwin.
8-Baller – using his incredible charting ability – called an “orderly pullback” to VWAP almost to the penny.
The QQQ held this level and continued to rise.
Hopefully you joined Money Morning LIVE on Wednesday, where 8-Baller and Garrett Baldwin linked up with Jared Levy to trade the Fed.
Earlier in the day, however, I gave my own price level to pay attention to.
I gave a significant level on the Qs in the morning
At the time, QQQ $322 calls were trading for $2, or $200 per contract.
Shortly before the market closed, those same calls were trading for over $8, or $800 per option.
Five contracts – or a $1,000 investment – would have potentially returned $3,000 in profit.
I hope you don’t think that I”m just here to brag or boast.
I’m trying to prove that when it comes to ANYTHING related to the market, you can rely on me and my team in Warlock’s World.
And whenever the Fed attempts to shake things up, you NEED to be tuned into Money Morning LIVE.
Because this is the only place where you can turn the tables on the market and on the Fed.
Instead of getting chopped up, you could be walking away with profit in hand.
I hope you have a good weekend, and make sure to join my Warlock’s Worldso you don’t miss any of these types of incredible trading opportunities ever again.
Stay nimble my friends.
Kenny “The Warlock” Glick
May 06 2022