*MOST FED OFFICIALS BACKED CONTINUED GRADUAL RATE HIKES
*FED: FASTER INFLATION FROM TAX CUT AMONG REASONS TO SPEED HIKES
*SEVERAL FED OFFICIALS CONCERNED BY LOW INFLATION EXPECTATIONS
*COUPLE OF FED OFFICIALS CONCERNED BY FINANCIAL STABILITY RISKS
*FED OFFICIALS GENERALLY AGREED FLATTER YIELD CURVE NOT UNUSUAL
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
te_fern wrote:Been watching DUST for an opportunity. Just can't break that triple top....
mind the H&S /GC 30m.. oLOD goes.. looking for $1300 on gold.. that should move it.. $1314 goes.. could see a fast move /breakout
ding ding.. down she goes… /GC sharp drop
as per yesterday's call on GLD and UUP… DXY at 2nd invs H&S neckline here. .. it goes look for another 0.58% move up in the dollar to 92.80ish... 20d at 93.24
Attachments
Last edited by fehro on Wed Jan 03, 2018 3:28 pm, edited 1 time in total.
te_fern wrote:Been watching DUST for an opportunity. Just can't break that triple top....
mind the H&S /GC 30m.. oLOD goes.. looking for $1300 on gold.. that should move it.. $1314 goes.. could see a fast move /breakout
ding ding.. down she goes… /GC sharp drop
as per yesterday's call on GLD and UUP… DXY at 2nd invs H&S neckline here. .. it goes look for another 0.58% move up in the dollar to 92.80ish... 20d at 93.24
I think gold amidst a needed pullback and should get a panic boost as vix is calling for another 5-10% ? longer term bearish yes..
the vix is really really ripe, weekly bollies are frikkin tight, bulls tread super carefully next few weeks..lower bolly 8.45 on weekly today. so another lil push up or two on the indices, and then ....
STEP 1 = BULL (unless there’s a crash before the close today)
Reference:
Hirsch, Almanac TRIFECTA has three markers for bull/bear: 1) Santa Rally, which is the seven-trading day period beginning on the open on December 22 and ending at the close on January 3. This means that by the 1/3/18 close, the SPX must be higher than 2684.22 (which was the open on 12/22/17) in order to call it BULL. “A positive Santa Claus Rally is the first step toward a positive January Indicator Trifecta which historically has preceded well above average performance in past midterm years.”
2) As the S&P goes the first five days in January so goes the year, which means that Monday’s close (1/8/18, the fifth trading day of the year) must be higher than the open on 1/2/18 (the first trading day of the year which opened at 2683.73 SPX), in order to call it BULL
3) As the S&P goes in January so goes the year… close of the last day of the month must be higher than the open 2683.73 on 1/2/18
“trades with cats” notes: “My hardcopy almanac makes it clear (page 12).. January barometer has .746 correct. 10 of the last 17 midterm election years followed January Barometer. *8 of those 17 followed the first 5 days of January rule.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I think gold amidst a needed pullback and should get a panic boost as vix is calling for another 5-10% ? longer term bearish yes..
the vix is really really ripe, weekly bollies are frikkin tight, bulls tread super carefully next few weeks..lower bolly 8.45 on weekly today. so another lil push up or two on the indices, and then ....
fwiw VIX daily nears ATL 8.56
Attachments
Last edited by fehro on Wed Jan 03, 2018 4:22 pm, edited 1 time in total.
now let's see if bears can make double top here. well, don't count on it.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.