03/19/2014 Live Update

[Al_Dente]

Holy shiteballs
• *FOMC SEES `SUFFICIENT UNDERLYING STRENGTH' IN ECONOMY
• *FOMC SAYS IT WILL LIKELY REDUCE QE IN `FURTHER MEASURED STEPS'
• *FED: LOW TARGET RATE APPROPRIATE FOR CONSIDERABLE TIME POST-QE
• *MORE FED OFFICIALS SEE AT LEAST 1% FED FUNDS RATE END OF 2015
• *FED DROPS 6.5% JOBLESS THRESHOLD FOR RAISING FED FUNDS RATE
• *FOMC TO WEIGH `WIDE RANGE OF INFORMATION' ON JOBS, INFLATION
• *FED: 2014 GDP GROWTH OF 2.8%-3.0% VS 2.8%-3.2% IN DECEMBER (lower growth)
• FED: END-2014 JOBLESS RATE AT 6.1%-6.3% VS 6.3%-6.6% IN DEC. (but lower unemployment)

They just posted the full “redlined” text here:
http://www.zerohedge.com/news/2014-03-1 ... es-weather

[Cobra]

this could be the 2nd reaction?

[fehro]

SPX 5m

[gappy]

Capture.PNG

[Nrsimha]

Yellin = EPIC FAIL.

[Al_Dente]

I think yellen will be live here in a minute
[edit: SHE IS LIVE now]
http://www.c-span.org/live/

[Nrsimha]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

[Out of Bounds]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

Do you have any objective criticism or is everything subjective?

[fehro]

INDEX dailies... UUP moving

[uempel]

Message to those who have a broker with access to Eurex:

DAX volatility was great today: DAX moved in-between 9326 and 9223 - that's a range of more than one (for those who only speak Spanish - uno ) percent.

The same intraday action by SPX would be a range of approx 1855 to 1873.

Last but not least: DAX has many idiosyncrasies. One of them is the 100 point range. Corrections tend to be 100, 200 or 300 points. Bigger corrections go for 400, 500, 800, 900 and so forth. These figures are not set in stone - but DAX traders seem to prefer these round numbers. Today's range was quite exemplary.

Seemed like a narrow range day with a slightly higher high and much higher low. Bull flag?

Yes BachNut, but DAX broke out (to the downside) of the channel which goes back to March 14th. Today's high at 8325 makes sense on a daily chart (not shown here) as a good-by kiss. As to what happens next - I guess it's up to Yellen and Putin to decide

[MrMiyagi]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

Yellin = EPIC FAIL.

She's 90 for fuck's sake! Why is she in this position?

[champix]

lol... come on mates ! are you heavily long?
She is bringing a few volatility, that's not bad...

[fehro]

SPX 15m

[Out of Bounds]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

Yellin = EPIC FAIL.

She's 90 for fuck's sake! Why is she in this position?

She is 67.

Edit to correct for birthday.

[MrMiyagi]

She is 68.

Too old to be in that position, might as well be 90. Probably naps 4-12 times a day.

[Xian]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

Yellin = EPIC FAIL.

She's 90 for fuck's sake! Why is she in this position?

Jesus you guys,

First "Janet Yellen= epic fail" posted four minutes BEFORE she uttered a word.

Yeah, that's an epic something all right— I guess "fail"'s a good word.

"She inspires fear"— rhiiiiiiight, 'cept "fear" is the tinfoil-hat crowd's favorite word. Is this your way of saying she's your new patron saint?

Greenspan served into his 80s. She's 7 yrs older than Big Ben— she's 67. But I guess she's a woman so it's really funny to make fun of her age and post pictures of her that suggest she's ugly.

Oh wait…. didn't the original poster begin his slurs with some hypocritical nonsense about "professionalism"?

My bad.

[Out of Bounds]

ADV : DECL 1:2.
USD/JPY up big
Waiting for VIX to confirm with a move up - not happening yet

I don't understand the hysteria here on the board.

[ALdaytrade]

She looks so unsure of herself.

Very unprofessional --- reading off the desktop.
She inspires fear and uncertainty.

What a loser.

Yellin = EPIC FAIL.

She's 90 for fuck's sake! Why is she in this position?

Janet Yellen was born on August 13th, 1946, so therefore she is 67 years old.

Have you heard of "stupid is as stupid does?"

Do you dislike her because she is a woman?

[MrMiyagi]

!!!! POWER HOUR !!!!

[TWT]

$SPX: An eod print below the 10 dma could result in further weakness. Maybe a lower high