The Late Show W/SSO Trade Alert!

I don’t have an opinion on the Bonds or FOMC minutes.

I am recommending starting a position in SSO, the double Long S&P 500.

 

It’s currently trading 90.13.

 

You’ll have to lead off on part of it or risk chasing later in the day.
 

Use an 89.30 stop on close.

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The early retest of the qtrly close was rejected handily.

I believe you’ve seen the lows for a while.

 

Minimally, I’m looking for the rally to continue through Friday.
 

In addition to the names I like is AMD. We’ve been in this before in the low 10’s for a big trade. Buy this on a 50 cent break with a stop below today’s low.

I doubt you’ll get it with an accommodating Fed statement.
 
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