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Post by walnut on Dec 16, 2015 12:39:01 GMT -5
Or, you can just come over here and paint. I am not looking forward to getting up on that ladder 35 feet high today.
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Post by huh on Dec 16, 2015 12:50:45 GMT -5
Dollar still showing strength, but so are pm's. I definitely didn't see that for today - even on an Anything-Can-Happen-Fed-Day.
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Post by Herceg on Dec 16, 2015 12:52:33 GMT -5
Herc-- you watch the paint dry and I'll watch the grass grow. LMAO............that pic is hilarious..................I see the mkt. is stuck in neutral.............back to paint watching...........
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Post by huh on Dec 16, 2015 13:02:10 GMT -5
I meant to check on it but I was busy with work phone calls that day that distracted me from it. But it did go up very briefly, I saw .69, then .39, or something like that within a short time before it was back at -.02 or so. Final FIB resistance for SPX from the 12/02 high is 2078. That's the # I'll be watching - and would likely get that +69 from Monday. Get above that and I think we see a blow-off top to a new high. I think that's the more likely scenario because of this chart below, but we'll see: SPX - yet another H&S-RS-Squeeze. Support 2022-2024 (the shoulder test line - upper orange). Resistances ~2062 and ~2078 (FIB lines in lt blue). Looks like those SPX 2020's are gonna get tested
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Post by huh on Dec 16, 2015 14:03:33 GMT -5
Federal Reserve raises benchmark rate 25 basis points
[yawn]
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Post by huh on Dec 16, 2015 14:18:29 GMT -5
That 1st resistance @ 2062 tested
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Post by huh on Dec 16, 2015 14:25:47 GMT -5
Now we have to wait until MM's get all their positions squared away (especially those positions betting the wrong way) before we get to see next market direction.
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Post by huh on Dec 16, 2015 14:48:10 GMT -5
Rate increase and:
Dollar lower PM's higher Market higher VIX lower
The EXACT opposite of what one might expect with a rate increase - in a real world scenario at least
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Post by huh on Dec 16, 2015 15:14:14 GMT -5
If UUP could manage to get over 25.60 it would then target ~28.00 to the upside. But more importantly, that would likely give the market the needed fuel for a blow-off top. I don't know if that'll happen, but definitely a possible scenario to be aware of. UUP HOD 25.61 - it's always that freakin penny
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Post by walnut on Dec 16, 2015 15:23:21 GMT -5
bonds slightly lower though as you would expect.
Maybe everything is just as J Yellen has been saying all along, no recession is looming and this small rate increase will be no big deal.
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Post by jacksrbtr on Dec 16, 2015 16:20:51 GMT -5
bonds slightly lower though as you would expect. Maybe everything is just as J Yellen has been saying all along, no recession is looming and this small rate increase will be no big deal. Mr Market had already priced in the move. Santa Claus rally to start shortly (pun intended).
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