Results W4: post-FOMC bonanza
Great accuracy and precision
Quick summary:
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Another week with great accuracy and precision, especially after FOMC
The sell-offs on Wed and Thu were reversed on Friday, but for us, it was yet another profitable week
Still some earnings left to go, but more importantly, CPI and PPI get reported this week
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Last week’s performance
Last week was exciting. Tuesday opened with a substantial sell-off (rare on the day *before* FOMC), recovered a bit going into FOMC and then notice the struggle after the announcement came out on Wednesday. These are 15-min candles, and for the first hour - after the expected 25bps hike and during Powell speech for the first half hour - each had a strong move in both directions, only to finish close to where it opened. A series of sell-offs came in the final hour, just as Powell was getting done.
This is when we entered, as per our prediction (see below), and closed for a 2% profit during Thursday’s intraday jumps (as our new signal helped us recognize the optimal exit point, before the end of day when AAPL earnings were coming out). Good call given that Friday’s rally erased all the short gains from the two days prior. Markets are, as you can see, still jumpy, still no clear winner between bears and bulls. But as we’ve adapted, it’s easier to handle the volatility. Our only regret is not recognizing this sooner.
So we ended up with good accuracy on the first four indicators, and even direction was great until the Friday reversal. All in all, a successful week!
This week, still more earnings to come (PYPL, PLTR, ABNB, DIS, TM, JD, etc.), but more importantly we will get to see CPI on Wed and PPI on Thu, both before markets open. Another exciting week is upon us!
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