Tag: FOMC

How I Played The FOMC

I tweeted earlier this week regarding an e-book that Rob Hanna wrote about FOMC days. I highly recommend it and without giving away too much of Rob’s book, here’s how I played the FOMC this month. I was looking for a weak close yesterday but that didn’t occur and I admit I was a bit

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Weekly Thoughts

If you’ve done any reading related to the market lately you no doubt know the importance of this week. Odds are good that we break out of the range (about 3 points) we’ve been in recently as some powerful catalysts are on tap. If I had to guess (of the FOMC, elections and non-farm payrolls)

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Is the FOMC Santa or the Grinch?

Since the S&P 500 hit its high off the March lows on November 16th it has done nothing but consolidate in a tight range. Take a look at the chart below and you can see that the range is indeed narrow but what’s more important is that the volatility is at some extreme lows. This

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Fed Pulls Trigger

The deal is done! The Fed fired a bullet that rifled far and wide across the global financial markets when they lowered the Fed Funds rate to a range. What? Yes, a range of somewhere between 0 and .25 which not only makes it the lowest rate ever, but the first time the Fed ever

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Pre-Fed Jitters

On the eve of the FOMC statement the market is usually ambivalent as there is concern that the Fed won’t do what the market wants. With only 100 basis points to “play with” the market is pricing in at least a 50 basis point cut and some would argue 75! That would take the rate

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Pivotal Week Ahead

It would appear as though the major indices are giving a lot of credence to the auto industry bailout as the Senate failed to pass the bill and the overnight futures tanked. The open Friday morning was looking pretty grim until two things—decent data and a rope. The decent data was that the retail sales

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FOMC Delivers A Sobering Blow

No gas for the bulls as yesterday’s meager attempt to buy some lows was met with fierce selling today. In fact, the broader market ($SPX) closed at its lowest point in 5 ½ years today. The Dow broke the psychological price level of 8,000 and the Nasdaq broke through 1,400 as well. There was one

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Cut One, Cut Two, Cut! Cut!

Today we saw the major indices trade in a narrow range up to the FOMC announcement. It was only in the last 30 minutes of trading that saw the selling kick in and bring the indices to their lows for the day. There was a hint of buying in the last 15 minutes which helped

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Large Moves Today, Can They Hold?

Whoa Nelly! Out of the last 4 weeks of trading there have only been two days that the Dow hasn’t had a triple digit move up or down. I expected a bit of a move higher today as stocks typically don’t move too far in either direction pre FOMC statements, but not a near 11%

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Monday Market Report

No capitulation today, like some were hoping for, but rather a wide range of trading for the most part. All three of the major indices ended at their lows for the day as the last half-hour provided most of the selling. If you look at the S&P ($SPY) intraday chart you can see the technical

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