Hello Antagonist members,
Two of my trade orders filled as the market closed last Friday. I’m adding them to our Challenge Portfolio, and they both expire on March 24.
These are bullish trades, which means that I’m expecting their underlying ETF price to increase.
The FOMC meetings minutes will be released on Wednesday. If the Fed decides to lower—or even pause—its interest rate hikes, we could be in for a face-ripping rally!
Of course, the opposite is also true. If the Fed hikes rates again, stocks could plunge. Therefore, I plan on trading lightly until after the minutes are released.
Both of these new trades are in the technology and utilities sectors of the S&P 500. These sectors have shown strength recently, and I’m trying to capitalize on that momentum.
Here are summaries of each trade:
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