Tag Archives: FOMC

Daily Market Intelligence 1/26/22

Spoo need to hold above 4325, which is the reversal # on the 100X3. Yra dropped in to discuss tomorrow. Yra says to pay attention to the Canadian rate decision in the A.M. for potential language for FOMC. Will Powell … Continue reading

Daily Market Intelligence 12/16/21

The room traded the Spoo off the Pit gap. The first low was 50% of the gap for a 25 handle rebound, followed by a gap fill. Price action 101. Matrix course 101 March Pit gaps will run the show. … Continue reading

Daily Market Intelligence 11/3/21

Daily Market Intelligence 11-3-21

Daily Market Intelligence 9/23/21

Indices still have small Pit gaps and bigger rollover gaps. Powell spoke. Our views (The Fed) and insider trading are for us to know and none of your business. You either vote the party line or you will be put … Continue reading

Daily Market Intelligence 8/30/21

Powell was given cover by every economic heavyweight to pullback on QE and he balked!. Money for nothing will keep asset prices bouyant. Month end is Tuesday which should keep capital flows positive into the mid-week shuffle. No bloody selling … Continue reading

Daily Market Intelligence 7/29/21

More money for nothing. Powell spoke and it’s to be determined how the market will respond. Materials and a few select names went bid. I am not reading anything into today’s price action nor am I getting traders leaning one … Continue reading

A.M. Look 6/14/21

Rollover week with a FOMC press conference. Spoo’s…the June contract has broken out on the Point & Figures. Sept shows a double top. This shows we can retest lower and not turn down on the June. Be very patient. The … Continue reading

A.M. Look 3/18/21

It’s all in the yields. The world reflected on Powell’s dodge and weave, refusing to answer important questions posed by reporters. The long end of the curve got smoked again last night taking Dow/Bonds to ATHighs. Big global macro players … Continue reading

A.M. look 3/17/21

Bonds world wide are running everything. 30 Yr. Futures are trading over sold and no one cares. Bond vigilantes are going to put it in the Feds face before the meeting vs after, which was my expectation. Yields want to … Continue reading

Daily Market Intelligence 3/17/21

Bored, Boring and waiting. I’ll dispense with the usual chart package tonight and leave with today’s discussion. Thank you Yra and Michael Hwung for the thought provoking conversation. https://youtu.be/IFCyfBodFdI