The Get Irked Week in ReviewEpisode 15 – November 26-30, 2018
In The Markets:• Dovish comments from the Federal Reserve led to an end-of-month rally following a Bear Market that felt like it would never end. The Fed Chief believes we may be closer to neutral than he initially thought in October, indicating that a rate hike in December may be the last one we’ll need for awhile. • The pending G20 Summit (now underway) led the market to sideways action later in the week as we wait to see what will come from the U.S.-China Trade War negotiations between Trump and President Xi this weekend. Prudent investors didn’t make any moves late in the week in order to avoid potential downside risk. A binary situation, we’ll see the market either rally or sell off on Monday.
Getting Started – Tools & Resources:• We investigated how to trade binary situations this week using the G20 Summit as an example of situations with only two outcomes – one that will result in a market rally and the other a market sell-off.
Trades in Play:• The market saw a decent rally mid-week, however the move has placed the majority of Get Irked’s positions into no-play zones as we wait to see what the weekend will bring. We still had some trades we’ll discuss later this weekend in our closed Facebook group, though.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.