Stocks and metals surged after the Fed cut rates by 50 basis points

The following trades were taken today (18 September 2024):

  • Bought S&P 500 (CFD/Cash) at 5621 and booked profit at 5685.
  • Bought Gold Dec at 2588 & booked profit at 2625.
  • Bought Silver Dec at 30.65 & booked profit at 31.50. Bought Silver Dec at 30.65 & booked 50% profit at 31.20.
  • Bought Nasdaq at 19350 & booked at 19640.
  • Bought Dow at 40500 (on 17 Sept) & booked at 40950

View ahead: Profit booking may be observed in US stocks and metals on Thursday. However, Friday’s outlook is positive.

In the weekly newsletter, we were anticipating a sharp uptrend in stocks and metals post FOMC announcement. The Fed announced a historic 50 bps rate cut for the first time in 4 years.

Next week, we are anticipating a mega move in both directions. Don’t miss the 20% OFF OR 20 EXTRA days OFFER ; OFFER expires on 21st September 2024. Call +91-9669919000 or e-mail [email protected] for details.