Trading Plan – Monday 9th October 2023: Sparse calendar, but there are events

Mark NugentOctober 2023, Trading Plan

Trading Plan – Monday 9th October 2023: Sparse calendar, but there are events

Good afternoon.

It’s a sparse calendar this week. We start with a holiday in the US, Canada and Japan. The major events are the FOMC Meeting Minutes on Wednesday and US inflation on Thursday. The latter will, of course, guide the Fed’s rate-setting deliberations. Fed voters are warning there could be one or more hikes. The market thinks hiking is all over. An unexpected reading will shake things up.

Despite the sparseness of the calendar, there are always events. Hamas have attacked Israel from Gaza, and as you might imagine, it all got ugly quickly. Oil has gapped up and moved up, but it seems unlikely there will be any supply disruption unless things really escalate.

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

I’ll be back tomorrow with brief videos of last week’s trades.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE