07/02/2014 Live Update

[fehro]

VIX 30m.. very weak.. possible break or head fake...?

[uempel]

Bullish Percentages: BPCOMPQ +0.37%, BPOEX +1.14%, BPSPX +0.48% - the others are flat.

[Junior Buffett]

Yellen: Fed rate policy needs to focus on employment, not financial stability

What does she means? didn't we meet employment target? what crooks...

[DellGriffith]

Daily SPY chat:

Both the upper and lower bollinger bands are above the 50 dma. The last 6 times this has happened has resolved in a correction with a minimum target of the 50 dma (altho some run well beyond that). The last 6 times are Mar 14, Jan 14, Nov 13, Aug 13, May 13, and Mar 13. The current one occurred in June 14. In the previous 6 cases, price eventually fell to at or below where it was the day the lower bb crossed above the 50 dma.

Overall this is a bearish indicator that is about 2-1 in favor of bears in history.

[fehro]

SPX 5m.. H&S messy.. or a couple of sloppy rights shoulders..

[uempel]

Update:

[Cobra]

failed double bottom. I'm neutral.

[Al_Dente]

• YELLEN: `WE HAVE MUCH TO LEARN' IN MACROPRUDENTIAL OVERSIGHT
• *YELLEN: POLICY MAKERS SHOULD COMMUNICATE CLEARLY ON STABILITY
• *YELLEN: POLICY AT TIMES MAY BE APPROPRIATE TO ADDRESS RISKS
• *YELLEN SAYS FINANCIAL STABILITY COMPLEMENTS FED'S DUAL MANDATE
• *YELLEN: MACROPRUDENTIAL RULES SHOULD BE MAIN STABILITY DEFENSE
• *YELLEN: STABILITY BEST PROMOTED BY MACROPRUDENTIAL OVERSIGHT
• *YELLEN 'MINDFUL' OF HOW LOW RATES CAN PROMPT 'REACH FOR YIELD'
• *YELLEN SAYS RATE POLICY SHOULDN'T CHANGE OVER STABILITY CONCERN
• *YELLEN SAYS RATES SHOULDN'T BE MAIN TOOL ENSURING STABILITY

Full text here, and LIVE FEED speech just began here:
http://www.zerohedge.com/news/2014-07-0 ... -live-feed

[quientuves]

Yellen: Fed rate policy needs to focus on employment, not financial stability

What does she means? didn't we meet employment target? what crooks...

If they focus on employment... and we see ADP data... down we go...!!

But this is nothing new and her opinion was known when she was elected...

[panbuk]

she looks great today, market up !
the old bloke was boring and market went impatient

[Al_Dente]

MACROPRUDENTIAL
http://www.investopedia.com/terms/m/mac ... alysis.asp

[quientuves]

MACROPRUDENTIAL
http://www.investopedia.com/terms/m/mac ... alysis.asp

So i'm not the only one looking for it...

[Al_Dente]

MACROPRUDENTIAL
http://www.investopedia.com/terms/m/mac ... alysis.asp

So i'm not the only one looking for it...

she's just making stuff up, and using the BIG words
oy

[FlowerGirl]

Following the Global Financial Crisis, there has been considerable international focus on reducing risks to the financial system. This has led to the development of a policy approach known as ‘macro-prudential policy’, which uses prudential instruments to manage the system-wide (systemic) risks that can develop during boom-bust financial cycles. Macro-prudential policy aims to promote greater financial system stability by:

- building additional resilience in the financial system during periods of rapid credit growth and rising leverage or abundant liquidity; and
dampening excessive growth in credit and asset prices.

more.... (above copied from)
http://www.rbnz.govt.nz/financial_stabi ... al_policy/

[uempel]

What happened to yesterday's enthusiasm?

[fehro]

Action packed morning tomorrow for the half day.. markets close at 1:00 pm ET .http://www.investing.com/economic-calendar/

8:30 ECB press conference + whack of US reports

[uempel]

Cobra once used the expression "Microprudential" to explain his DT technique to me... Yellen must have listened in

[uempel]

Like Greenspan: Yellen has a great talent to use expressions which don't mean anything. I guess simple words would be "market moving" and so the Fed goes for hazy, nebulous talk ...

[Al_Dente]

Cobra once used the expression "Microprudential" to explain his DT technique to me... Yellen must have listened in

Here’s a Microprudential dome which wants to bust because Yellen is lulling all the bears to sleep
zzzzzzzzzzzz

[L_T]

Action packed morning tomorrow for the half day.. markets close at 1:00 pm ET .http://www.investing.com/economic-calendar/

8:30 ECB press conference + whack of US reports

Tomorrow is a NFP day? Remember the "start high go lower or start low go higher" rule.