I hope everyone is having a good day. In the northern hemisphere, we are enjoying the first full day of spring. In the country my family and I are from, as well as in many Asian countries, the first day of spring is celebrated as the new year, or Nowruz. Happy Nowruz!
The market experienced a very strong few days last week, as the Federal Reserve announced an optimistic forecast in terms of both inflation and growth in the GDP. Today, however, JPow indicated that inflation is too high and that the Fed will need to be aggressive in controlling it. As he said those words, the market began to sell off. Although it is too soon to write the history just yet, many people, including myself, are looking forward to seeing how everything unfolds.
This morning, I made an amazing reversal trade on NIO from a very important daily level. You can watch the recap that John and I posted here.
Today, all new members are welcome to join our Onboarding class at 7pm ET. Carlos, Mike, and I will in part walk you through all that Bear Bull Traders offers. Afterward, at 8pm ET, Kyle is holding a DAS Trader Pro question-and-answer session.
Tuesday Strategy this week is with our very own Megan, a new addition to our leadership team. Her TradeBook and strategy webinar, which starts at 8pm ET, is titled: TradeBook: How to Use Larger Time Frames to Catch Bigger Moves.
This webinar is for Elite members only, but if you would like to upgrade your account, please click here for a 50% discount on an Elite annual membership. To say thank you, we will credit you with the last monthly payment you made.
I hope to see everyone in the webinar tonight or, if not, in the chatroom tomorrow morning.
To your success!
PS: I encourage you to practice your trading in our free web-based market replay tool. It is conveniently available 24/7, when you are, and we have recently improved it to better meet your needs. You can check it out here.