Setups are only as valid as the most recent data, and often times that data is greatly influenced by market news. This week was no exception when Jerome Powell rocked the market upon announcing the possible reduction of interest rate hikes. In this week’s edition of Moxie Indicator Minutes, TG refers to his previous video and shows you a case study using the UVXY. How did this near-perfect setup fail to perform? How did Powell’s words change the dynamic of the marker? And how can we be on the right side of “buy the rumor sell the news”.
This video was originally broadcast on December 2, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, iOS, Chromecast, Android, and more!