This is what you need to know today.
Brainard Speech
Brainard speech was ultra-dovish causing stocks, gold, bonds and oil to bounce. It was not much of a surprise since historically Brainard has been the most dovish FOMC member.
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This was published prior to market open on ZYX Buy Change Alert and other Arora Report services for paying subscribers on Tuesday September 13. This is being made available on The Arora Report Market Blog now due to a large number of emails asking for the real reason behind 258 point DJIA stock market drop. The call has proven spot on and many paying subscriber were able to take advantage of the correct call.
This is what you need to know today.
Brainard Speech
Brainard speech was ultra-dovish causing stocks, gold, bonds and oil to bounce. It was not much of a surprise since historically Brainard has been the most dovish FOMC member.
This post was published on ZYX Buy Change Alert.
Consider taking profits on a 10% tranche on VXX in the zone of $39.50 to $41.43. It is trading at $39.65 as of this writing. Consider continuing to hold the remaining 30%. As a reminder, this is suitable only for super aggressive investors as the risk of loss is high.
If you are a new comer and inadvertently got into this position without paying attention to the risk and you are not super aggressive, consider taking profits on the entire position and exit.
Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.