02/17/2016 Live Update

[BullBear52x]

DXY struggles at 200d.. Yellen and crew utter any words on pause.. could see USdollar tank, and oil/gold spike. DXY /CL at key points.

I got UUP at resistance, a break down under 24.8 it will continue to test 52 wk low,

[Cobra]

consolidation again, bias still is up.

[josephli]

USDJPY tightly coil into big consolidation area.

[fehro]

SPX showing some weakness prior to FOMC minutes.. 20m away.. mind the blue arrows for crazy fireworks… 5m SPX ..VIX holding on by it's fingernails.. are we setting up for a Yellen spike, inverted hammer gravestone today?

[BullBear52x]

clockwork, same drill day in and day out.

[Cobra]

pullback instead of continue up but still more likely the pullback would be bought. I won't worry about FOMC. This market just wants to go up, no matter what.

[MrMiyagi]

FOMC time.

[josephli]

forex becomes very neutral.

[josephli]

well forex down, so maybe down first?

[Royal Flush]

looking for top in CL today (Wed) or tomorrow (thurs).

Any views on this? When and what price?

IEA report every 2nd week on Wed? (neext on Feb 24?

Hi DTES, with the bear trend line immediately above one could go short with a tight stop 20 points above it. Currently the TL is around 31.15 and CL has a DT at 31.09

The attachment CL 03-16 (120 Min) 2_17_2016.jpg is no longer available

Thks RF

I should add that the yearly S1 pivot stopped the fall on the 11th.

[BullBear52x]

I will call this a weak hand, next rip will be sold to challenge papa bull.

[BullBear52x]

new HOD, Hmm...I will not sell this one. a chase under 1923 maybe. let the clock work runs some more.

[fehro]

SPX new HOD.. VIX a 2m a tad hairy/spiky … VXX new LOD - SPX 60m.. resistance close.. does it stick

[BullBear52x]

just we have a new HOD bears got very limited option to counter this trend. I got no clue to say the least.

[fehro]

WSJ's Fed Whisperer Confirms - Fed Is Confused Jon Hilsenrath

Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.

http://www.zerohedge.com/news/2016-02-1 ... d-confused

[Tutti]

WSJ's Fed Whisperer Confirms - Fed Is Confused Jon Hilsenrath

Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.

http://www.zerohedge.com/news/2016-02-1 ... d-confused

if no hikes, market rallies. if market rallies the worry of a weak market disappears and inflation worries are back on the feds radar. if those worries disappear and inflation worries reappear then the fed will increase rates. then market will sell off. I LOVE this business but its awfully stupid.

[Al_Dente]

• *FOMC MEMBERS AGREED DATA TOO UNCLEAR TO GAUGE RISKS TO OUTLOOK
• *FED OFFICIALS CONTINUED TO EXPECT GRADUAL POLICY TIGHTENING
• *MANY FED OFFICIALS AT JAN. FOMC SAW INCREASED DOWNSIDE RISKS
• *A NUMBER OF FED OFFICIALS CONCERNED BY DRAG ON U.S. FROM CHINA
• *FED: OIL, USD LIKELY TO HOLD DOWN INFLATION FOR LONGER
• *MOST FED OFFICIALS SAW MODERATE U.S. GROWTH
• *FED OFFICIALS CONTINUED TO EXPECT GRADUAL POLICY TIGHTENING
• *FED OFFICIALS STRESSED TIMING AND PACE WOULD DEPEND ON DATA

[josephli]

WSJ's Fed Whisperer Confirms - Fed Is Confused Jon Hilsenrath

Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.

http://www.zerohedge.com/news/2016-02-1 ... d-confused

if no hikes, market rallies. if market rallies the worry of a weak market disappears and inflation worries are back on the feds radar. if those worries disappear and inflation worries reappear then the fed will increase rates. then market will sell off. I LOVE this business but its awfully stupid.

roller coaster mode confirmed?

[fehro]

TLT creeping to hammer mode.. will the SPX get the "Yellen" hammer? .. the inverted type?

[Tutti]

WSJ's Fed Whisperer Confirms - Fed Is Confused Jon Hilsenrath

Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.

http://www.zerohedge.com/news/2016-02-1 ... d-confused

if no hikes, market rallies. if market rallies the worry of a weak market disappears and inflation worries are back on the feds radar. if those worries disappear and inflation worries reappear then the fed will increase rates. then market will sell off. I LOVE this business but its awfully stupid.

roller coaster mode confirmed?

for sure. capital markets which are forward looking controlled by economists who only look backwards. what could possibly go wrong lol