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.
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.
