Some days I hate the Fed....make that most days....
My hope is the RUT is leading the fray and we gapped down today and will surge tomorrow. If SPX closes under 2356, tomorrow could see a nice pullback...hope that isn't the case at closing.
FS
FogSailing
Try to learn something about everything and everything about something.
Whoa-ha-ha-hoooooo nelly! Something sent the market south in a big way! Holy Pop-and-Drop Batman!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
see 2017 Economic Calendar for daily economic reports. Late Morning reports:
9:45 PMI Services Index "Markit Economics' U.S. manufacturing sample has reported a loss of momentum as is its U.S. service sample."
10:00 ISM Non-Mfg Index "Slowing in employment is a warning signal in the March ISM non-manufacturing report where the headline composite slowed to a 5-month low of 55.2. Employment growth slowed abruptly in the month, down 3.6 points to 51.6 and a 7-month low."
10:30 EIA Petroleum Status Report
2:00 FOMC Minutes definitely seems to be the culprit for the afternoon decline in stocks
That is awful!!!! Just can't catch a break! Well.... right when you start to think the Fed is becoming irrelevant. I wonder if its POLITICAL???? Who knows,.. WeatherWeenie mentioned they want to start unwinding $4.5T debt for bonds on their books. EA mentioned the release of FOMC minutes... maybe something unexpcecte3d was found in them... maybe mention of their plans to unwind debt.... Uggh..... figures.... now they want to start talking about that. Just when things are starting to look good. hum......
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Futures have recovered it seems, one of the market vids expressed how the rising support is meeting the descending resistance, building energy for a strong move one way or the other. If we stay above yesterday's open, that would be bullish; otherwise we could be looking at the 100 day...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Must be a busy Monday, no comments yet today... Looks like we may still be in this triangle/wedge pattern... S-Fund just made another lower high... Hmmmm...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Yeah not really sure why folks are not posting as much, but it certainly seems the chatter has died down over the last 6 to 8 months. I guess folks are just not in a sharing mood these days.
FYI, the pattern in the C and S funds of one week up, one week down is still intact and if it continues, this week should be up...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
"I" fund will begin to climb once I decide to go back to "S". I guess I just picked the year that the "I" fund doesn't like April.
May the force be with us.
The federal debt ceiling limit is fast approaching on 28 April, with a potential for a shutdown... Next Battle in GOP Civil War: Raising the Debt Limit | LifeZette
PuertoRico is runs out of money on 1 May... https://www.yahoo.com/news/puerto-ri...2--sector.html
Negotiations underway with the Ruskies, saber rattling in the Pacific... What, me worry? Holding on the lily pad for the time being.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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