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Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:28 pm
by Trades with cats
T minus 26 minutes and counting towards the release of the text in machine readable form.

Non-clever interpretation, we have 25 minutes until FOMC Chair Yellen releases an update to the Fed view on what will happen as the bond market is calling her an incompetent and refuses to co-operate. At the same time a major stimulus package (the new tax plan) could allow the Fed to accelerate their normalization program, so any vague reference to other stimulus from government will be watched for. I am assuming Da Boyz have programmed their trading algos for certain key trigger words in her speech so there is a probability we will get FOMC minutes type of a response.

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:41 pm
by Trades with cats
Sorry I got the time wrong. She is live on Bloomberg.

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:45 pm
by Al_Dente
Trades with cats wrote:Sorry I got the time wrong. She is live on Bloomberg.

thanks boss
https://www.bloomberg.com/live

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:50 pm
by te_fern
Why you use stop losses....

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:52 pm
by fehro
DXY huge spike up >20d/50d /GC nears 50d SMA

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:55 pm
by Trades with cats
December rate hike odds now 100%

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 12:56 pm
by Trades with cats
Academic speech too difficult for Algos to interpret. :lol:

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 1:21 pm
by fehro
dabble nibble short SPX 2500… struggles again

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 1:48 pm
by fehro
ding ding IWM nATH 145.00

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 2:58 pm
by Trades with cats
FOMC Policy- Zerohedge has a nice recap which makes sense to me. Rephrasing, the Bank of Canada and New York Fed's Bill Dudley are essentially saying that we have the Japanese disease when it comes to inflation, so the Central Bankers are going to cut their targets. This enables them to go ahead with policy normalization and deflate the asset bubbles they have created.

Yesterday I put up somebody's chart showing Apple accounted for 20% of the gains since the Fed started printing money. Add in the rest of the FAANGs and I am confident you can see where over half the printing ended up. By theory this is normal as the stock market is very large and liquid so it is very capable of being the place that absorbs surplus liquidity ( and provides it when the system is running the other way). With Chair Yellen's further amplification today it is clear the risk is on the other side and the Fed no longer has anybody's back. At the same time I am confident that the current FOMC does not want to be blamed for a major recession during their watch. But they are all gone by the end of 2018 so the push will be on to have something close to normal policy in place by then. She used all the well know weasel words, but it was clear rates are going up and they will go up regularly. Remember Goldman just revised their year end targets to reflect this policy and they are expecting S&P 2600 at the end of 2019.

As they say the first player out of a bad trade is just a good trader, everybody else panicked. I am not ready to short the FAANGs but I do think this signals the beginning of the end for this era. Between the Buzzfeed article two weeks ago, this Fed decision, the failed Apple launch, the Google spanking by the EU, Facebook's Russian advertisers and Amazon's venture into groceries I am thinking the hedge funds have to be nervous. :o

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 3:33 pm
by Trades with cats
Rut Row, double top and a sell off into the close?

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 3:51 pm
by Cobra

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 3:53 pm
by Cobra
well, guess that's it for today. Wednesday tomorrow has been very bull friendly recently. 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

Re: 09/26/2017 Live Update

PostPosted: Tue Sep 26, 2017 3:55 pm
by Daniel
GLD down greater than 1%, SLV down a bit < 2%... yet PALL and LIT are both up decently, and XME is only modestly lower.

Mixed message from metalsville.