4/10 Fed Policy Mistake?
BTC Higher as the new safety trade, CPI, and Fed Mins
Index
I. Forward
II. Reflection
III. Markets
IV. Analysis and Commentary
WIZ CHARTS CHAT
Education & Resources Page
Forward
Incredibly busy day, as in my last couple of posts, I have been warranting caution here as liquidity in the system and momentum were starting to shift, and we saw the market take a full new direction.
Tonight, we’re going to be looking at whether this is actually a trend change and whether there needs to be a strategy change. This is a very important post, I ask that you read it slowly and carefully and think through it, as well as ensure you read tomorrow’s post which will be a further build on this as I will have PPI and Jobless claims data to supplement it all with.
Subscription Discounts Ending Monday!
If you aren’t already taking advantage of the student discount I really encourage students to do it. I want education to be accessible and for my stack to be less than your Netflix Subscription.
Student Special:
I’m also celebrating 1 Year on my Substack, so anyone that renews their subscription before April 15th (Wiz Bday), gets 15% off their subscription for as long as they are subscribed to the stack!
15% off Forever:
Thank you, deeply and truly, for supporting this stack and this community. We’ve been on a long journey with many great adventures, and I hope this stack has helped you grow not only as a trader, but as a person. That you have found some meaning in life and learned a little more along the way.
If you have learned even just 1 thing from here, I hope you also consider sharing the substack, RTing its posts, and just hitting the like button when you read it, because that allows for our tribe to continue to grow and for more people to get in on the wiz biz :) My goal for the substack this year is to grow it to 2,000 subs, and we currently stand at 1,300 tribe members strong!
Again, thank you! What an incredible honor it is to get to teach and be with you all each day. Here’s to another year of torching the markets!
I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.
Refer a Friend and Receive Discounts off your subscription
VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)
STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)
If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.
Subscribed
Reflection
Having a computer is a dangerous thing for me, not so much one of my usual lessons tonight in a reflection.
The problem is I have a far too curious mind, but I think its needed in trading. You have to be willing to explore new topics constantly and never grow tired of that exploration.
So computers for me are dangerous because they have no end to where my curiosity can go.
Addendum: Dinosaurs are pretty cool. I also went through my Wiz Stack subscription list and I am a bit shocked by how many funds and institutions are listed in there. I’ll just say I am honored, and no one will be outed. Can’t say I blame you guys, if a magical wizard had a sub for a mere 25 bucks vs a crazy amount of analyst money, I’d take the magical wizard for market commentary too.
Markets
I posted a lot today, I think what I just want to talk about tonight is tying up loose ends that I had at the start of this week.
I entered the week with caution, saying that the markets weren’t at a stage where we can jump to full short, we were still in the middle of sitting on our hands.
Today, the market finally chose the direction of lower for us. Placing SPY right down on the bottom of its regression. We were able to take a nice short down on the rising wedge that was called out in the wiz chat, as well as set up into the ARM down swing.
I had to mull over the fed minutes quite a bit.