If you are day trading tomorrow (Tuesday) there could be volatility in the market during Federal Reserve Chairman Kevin Warsh first testimony before the House Financial Services Committee tomorrow at 10:00 a.m. EDT. We don’t know what to expect because this will be his first. Lawmakers will push him to get his opinions. He says he wants to shrink the balance sheet but at the same time feels pressure to lower rates. Could be nothing but I’m going to sit out until he is done speaking so I can get a feel for his style. You can view the live proceedings and the monetary policy report directly on the U.S. House Financial Services Committee website. https://financialservices.house.gov Use caution. Also we have Bank earnings all week which are expected be good. If there are any downside surprises Tuesday while the markets are expecting these to be good it may affect direction of the markets heavily. Tuesday is the largest group of banks reporting. Chart I posted is the 1yr XLF showing double topping formation. I would expect it to break to the upside if the earnings numbers beat heavily. Earnings… Tuesday Wells Fargo Goldman Sachs Bank of America Citi JP Morgan Wednesday PNC BlackRock Morgan Stanley Thursday US Bancorp Friday Fifth Third Trade well, Ron

I just switched from swing trading to day trading. Any advice would be appreciated from all.

Potential levels I’m targeting

No Close above/below 1st hour in the QQQ

Trump post (paraphrased): Hormuz open, will remain open, USA will be managing it and taking 20% fee on all cargo shipped through as the "Guardian of Hormuz" I will be watching oil prices today