Market Commentary for Wednesday, September 17, 2025, by Peter Cook
We are treading water ahead of the big FOMC announcement (Rate Cuts).
I don't have a big read on it today, but TradeStation is suspending margins after 1 PM, which usually means some fireworks are coming.
China is banning #NVDA chips. That has our fearless leaders a little irritated this morning, but the market doesn't really care so far. Mostly because the US already bans #NVDA from selling anything good to China, so they end up using #AMD instead.
I don't trade FOMC, I usually skip it. I think the bigger event will be the huge, Call Heavy expiration that comes Friday morning with effects that will be felt next week. If we don't see the animal spirits continue by rolling calls up and out, then this market will sink under its own bloated weight.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
Sign-up link: https://www.hamzeianalytics.com/HAPDTS_NQ_details.asp
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