Trading Plan – Monday 19th December 2022: A tale of three banks

Mark NugentDec 2022, Trading Plan

Trading Plan – Monday 19th December 2022: A tale of three banks

Good morning.

Last week was all about central banks.

In a nutshell:

The Fed talked tough, but the markets believe they will reduce rates next year.
The European Central Bank was genuinely hawkish.
The Bank of England was dovish and, frankly, a bit gloomy.

I traded the S&P500 short on Thursday as it broke down through support, exiting on Friday for a gain of 1.78 percent.

This week is the last trading week of the year. The calendar is light, and I expect things to be quiet. I will be very cautious to avoid any final slips, trips or falls.

As always, I go through my trading themes for the week in the video.

I’ll be back tomorrow.

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