Hey Trader,

It’s a special trading day today and I have a Fed Day Update for you.

In today’s clip, I cover…

Intel vs. AMD: We have a notable pair trade open in Nitro Trader: INTC hovers around its 50-day moving average, while AMD is showing promise with a potential rally.

Vodafone and Telecom: Vodafone hits six-month highs, joined by telecom giants like Verizon and Comcast on an upward trend.

Apple’s Weakness and Oil’s Resilience: Apple continues to struggle, while oil experiences a minor dip but is expected to rebound.

Retailers in Trouble: Dollar General, Target, and others struggle to find stability, but Macy’s might be a hidden gem.

Federal Reserve Drama: The market eagerly anticipates the Federal Reserve’s move, watching bond markets closely for potential surprises.

Gold’s Rally: Gold is making a comeback, with significant bullish interest potentially pushing it to $1,850.

Goodyear Tire and Rubber: A mysterious trader shakes things up in Goodyear Tire, sparking curiosity.

Market Predictions: I expect an initial market pop after the Federal Reserve’s announcement but I think the market might underestimate the likelihood of rate hikes in November and December.

Upcoming Market Scenarios: If my prediction holds, the S&P 500 could test 4,400, but a different outcome might see it soaring toward 4,600.

Upcoming Events: Licia Leslie is hosting a Charting and Candlesticks Class tonight at 7:00 pm ET…and she’s giving away a free trade for all attendees. Sign up right here. 

Watch today’s Fed Day Update right here…