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This past Thursday really should have been a day for the bears.
New unemployment numbers were released that showed record-shattering jobless claims across the country – something that ordinarily would have driven the market down sharply.
Instead, the U.S. Federal Reserve sideswiped those bears, going absolutely nuclear with its latest stimulus actions aimed at giving the economy a much-needed boost.
In today's weekly market update, I'll go over exactly what the Fed's latest action includes and what effect it's had on the market.
But before you go jumping head first into long positions, expecting the market rally to keep going, I want to share with you some serious reasons to temper that impulse.
I'll share with you exactly what's driving the markets right now, where I believe it will head going forward, and why Monday will be the most important trading day of the year.
Click below to watch.
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The post How to Prepare for the Most Important Trading Day of the Year appeared first on Straight-Up Profits.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.