Sep. 16 at 6:41 PM
Tomorrow is the interest rate day and I’m prepping my short term swing trading portfolio for a rate cut and dovish comments from Papa Powell 🙏
He’ll have to say something about risk tolerance and inflation concerns but that’s just him trying to present a balanced approach. Anyway, here’s a few I’m in hoping for the best:
1)
$NFGC is a gold miner that has been setting highs but not full year highs yet! And the 5 year chart shows a lot more proven potential, up to
$10. PLUS the options chain is popular enough. So I have 2.50 Jan calls hoping that the drop in interest rates relieves pressure on gold prices (and if it works the US $ will become “cheaper” against world currencies).
2)
$OPAD is just a hot housing play with an active options chain. I have some
$5 Friday calls that more than likely expire worthless but maybe the market goes bananas and sends this in traction to Powell. 🤞
3)
$FMCC my favorite longterm housing play.
