Post-Fed Plan of Attack

Posted on Sep 17 2015 - 10:13am by Sharpe Trade

So what is my plan of attack?

As we have stated for months, a raise in the rate for the month of September would surprise us.  Not shock us.  But it would surprise us. 

I’m sticking to my guns, and I’m not going to take any actions in any account until the Fed decision is known, and I can evaluate the market for a while.

If you’re new?  If I was new I would personally remain cash.  I might have some ideas on ‘new-ish’ trades in a short while.  Stay tuned.

If you are a client of ‘The Sharpe Report‘, you can see that we avoided the bloodbath of last month, and at the moment, we are gaining bit by bit, day by day.  Once we have run through the expected time-frame of this current trade, as we have already discussed, we’ll see if we need to make any adjustments, re-balance, remove or keep the hedge, etc.  The position looks like it should weather the volatility very well.

For the income side of things?  I will possibly be looking to buy Union Pacific (UNP) for both myself, as well as for our Sharpe Income project.  For purposes of disclosure, know that I have owned Union Pacific (UNP) from before the split last year.  So I’m just looking to add to an already existent position for myself.  For the Sharpe Income project that we run, this will be a new position.

And then again, I may do none of the above.

We just have to wait until we see what ‘The Red Hour’ produces  …

3 Comments so far. Feel free to join this conversation.

  1. NewLife September 17, 2015 at 1:05 pm - Reply

    I took a small long on the QQQ at the close yesterday.It’s up about 20 cents at the moment,but I’m already about to put my stop at break even right before the meeting starts.

    I’m trading on the possibility of a quick spike up,but as we all know, the swings can be in either or both directions,and they happen fast.

    • NewLife September 17, 2015 at 2:07 pm - Reply

      And I caught the first little spike and got out at 107.54. Maybe missed a bigger and better move,but my objective was achieved and who wants to deal with this stressful volatility anyway?

      Not me.

      • Dan September 17, 2015 at 3:30 pm - Reply

        Nice trade mate … 🙂

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