The Fed’s Last Hike?
In a Fed decision week, the market is waiting to see if this will be the last Fed hike in this cycle. Our market carousel still has 2 open long positions and 2 open short positions although we have moved one to a partial profit take. We hold 6 'No Position' stances as we wait for better price action to inform new entries. Our trade ideas this week include a mean reversion trade on an SA retailer, a potential break out from a big base on a global tech stock that had been consolidating for a while and a momentum trade on a global mining ETF.