09/20/2017 Live Update

[Al_Dente]

YELLEN LIVE AT 2:30
https://www.youtube.com/watch?v=crAJHKxkyW0

[Pagat]

looking ING cheat sheet
hurricane wich line ?

[fehro]

/GC smacked down to 50d SMA 1288.. as DXY explodes up over 20d SMA 92.24.. pushing for 50d

[Al_Dente]

Q&A starts now
https://www.youtube.com/watch?v=crAJHKxkyW0

[Al_Dente]

So, as the balance sheet is normalized, she is expecting the “market” to step in and buy treasurys, because she is reducing reinvestment of treasurys and agencies (as expected), a little now, but over time it will be $30bln PER MONTH reduction
So this puts the burden on non-fed TREASURY BUYERS
Tell me where I’m wrong

[Cobra]

the low might be in.

[te_fern]

TICKs look a little indecisive here....

[te_fern]

Pasta Boss referred to it earlier, but the levered Semi's are getting hammered today!

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/09 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Daniel]

Fed telegraphed its intentions so well that response in the dollar, treasuries, spx etc. has been muted. Gains or losses in the +/- 0.2% range on the day.

I recall Fed days when the 2pm announce would generate +/- 1% gains within 5 minutes. Today's action resembled robots playing checkers with each other.