Waiting for Fed
Market rallied after tow days of negative action. The Fed meeting next week is acting as a backdrop to market action. Market participants are pricing in Fed cut. The expectations of Fed cut are rising to such a feverish level that the actual news will be anticlimax and if market keeps rallying in to Fed day, we will be sold on actual Fed decision.
With holidays again lurking , we will be in thin and volatile trading environment.
With holidays again lurking , we will be in thin and volatile trading environment.
Posts
6 comments:
pradeep,
in terms of market monitor, what exactly might we be looking for as an indication that the market has chosen a direction, etc. i know that i and others are kinda sitting on the sidelines...
thanks
Either of the following:
1 65 days ratio positive
2 Stocks up 25% plus in 65 days < 200
naturally it was expected to be quiet this week w/the high holidays and pre-fed.
however right now it's a very eerie quiet. this would have been a good week to take a vacation.
thanks...
you still following EPs, etc?
There's been many good looking set ups to trade all along. I dont know what you guys talking about. If you guys stuck to the top industry groups you have done well.
Pradeep,
I agree that there will be a sell-off but not in stocks, in treasuries which will actually make stocks go up no matter what.
F.
Post a Comment