Pre Market DEC 4, 2024

Pre Market

December 04, 2024

Stocks are green here in the Pre Market today
All 3 indexes are showing strength for this time of day

Fed Chair Jerome Powell or “J-Pow” speaks today
We don’t talk about Futures trading much here at theoptionscoach.net but this is worthy of our attention
The CME takes polls, or stats from Futures traders
Just like the CBOE does from Options traders
Stock investors simply fall into whoever or whatever entity that wants to write one

Right now the CME is reporting that 73% of the Futures traders believe that a rate cut is coming, it was only 59% a month ago. That matters

Should the Fed take a “hawkish” approach the markets could see a bigger hit this time
If the Fed remains inline with the anticipated move of a 0.25 rate cut then it’s business as usual. We don’t predict here, we don’t try to outsmart the Fed, the market or any thing else that is out of our control. They act, we react, but what we do however is we plan, prepare and execute

“Putting it all on black” might not be the best investment strategy with the Fed today ( or ever )

Value stocks could see a slight pullback today as tech is leading the charge
So far COST and CAT are both down slightly
NVDA is up 1.3% here in the Pre
The NASDAQ is already up 0.67%

S+P Support is at 6,025 😄 
Time to grind

The Options Coach

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