Selloff On Hold, For Today

Selloff On Hold, For Today

Dear Traders,

The global bond market sell off paused yesterday as it seems not all central banks are keen to increase interest rates. The Bank of Japan Governor stated that “Raising rates is unthinkable.” Similarly, the European Central Bank President said they have “…every reason not to react as quickly…” The market quite liked this news and bounced back, with all sectors gaining over 1% as of the time of writing this newsletter.

In the chatroom, many of us traded SOFI, BABA, and AAPL very nicely, and excellent opportunities were once again available for experienced traders. You can watch the recap that Brian and I posted here.

I just finished up my regular Thursday morning mentorship session (which begins at 11am ET), but please note that Ed Martin is hosting his afterhours earnings trade and mentorship session at 4:30pm ET today, and Thor is holding his evening mentorship session at 8pm ET. Come and learn from him, as he is a master of Volume Price Analysis.

On Friday, we will of course be trading live in our chatroom and Jarad will be leading his Friday Crypto session at 11am ET. If you are not yet a member of Bear Bull Traders, please join with us as an Elite member.

Last but not least, I encourage you to practice your trading strategies on our Market Replay Tool. It is available 24/7 – every day, every evening, and every weekend. It is convenient, it is free, and it always will be! You can take a look at it here.

To your success,
Andrew

PS: If you are on Twitter, I would love to stay in touch. You can connect with me here.