LXK ~ possible first cross trade

fail-safe below last week's low, first target around close of the gap down bar

Some stocks are creating some very nice looking bases and with earnings coming up soon...

BE READY

FED day ~ 11am pst

Possible.
 "The Fed may hike rates one time to keep up appearances as they are a political body, then relax rates once again. They did this in 1936 when the US was deleveraging a long term debt cycle. They hiked the discount rate by 0.5% in 1936 then eased until 1940. They could repeat this action again, hiking once, then easing by way of renewed QE, or QE4."

“a little knowledge is a dangerous thing.”

"The path to mastery passes through a window where the intermediate practitioner, getting their first taste of knowledge and experience, knows more than the beginner — but less than they think.

This creates a widening gap between “how much I think I know” and “how much I actually know.”
Awareness, know where you are!

“There’s a time to make money and a time not to lose money.”

Remember, extremes like one created today are often tested again after a relief rally and shorts are squeezed.

DJIA had record intraday swing today, from it's high to it's low it moved 1089 points

remembering

Overall Market Conditions: Extremely Choppy Behavior - Caution is Warranted

Remember, some of the best market bottoms have been formed in late September and early October.

“With better awareness come better choices. And with better choices you’ll see better results. Clarity breeds success.”

Get more sleep and rest.

A large body of evidence suggests that we need at least seven to eight hours of sleep to function optimally, yet more than one-third of us in North America are getting fewer than six hours of sleep each night. What’s more, our culture doesn’t value leisure and rest. Most of us run around like chickens with our heads cut off each day, rushing from one ( trade ) task to the next and rarely taking time to pause, reflect, or decompress.

Here’s the bottom line: if you don’t get enough sleep or rest, you’re not going to (trade) perform at your best or be as healthy as you can be. I know this might sound so obvious it’s not worth saying, but a large percentage of (traders) people simply aren’t sleeping or resting enough. Here are a few tips for addressing this problem:

• Allow at least eight hours for sleep each night
• Create an environment conducive to sleep, no distraction ( TV, laptop, you know it)
• Reduce your exposure to artificial light at night
• Schedule 30 minutes of rest into each day. This could be meditation, a relaxation technique, or simply taking a nap.
• Designate one day a week as a “technology sabbatical”: no email, social media, or web browsing. This can really help you to unwind. 

If you follow these tips for the next few weeks, I’m confident that you’ll see some positive changes in your (trading) performance and health.