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World Stock Markets Trading Discussion - Waxing whirr

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All Ords 5-day chart

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http://bigcharts.mar...com/default.asp

 

Giddy heights for All Ords with the index closing +1.2%.  Energy +2.2% stayed in the lead followed by Miners +1.7%.  Gold -0.3% was down the most.

Asia in a party mood: China +1%, Hong Kong +2.6%, Japan +1.7%, India more cautious, currently +0.3%.

UK/Europe seeing some selling: FTSE -0.3%, DAX flat, CAC -0.1%.

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

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Sniff, sniff. What's that smell?  Can you smell it? 

It's animal spirits.  

It smells like bullshit. 

Because it is. 

It's overwhelming.  

Will the Fed cave to Trump? 

If it doesn't, will the market rally anyway?

Stay tuned for the next episode of Days of Our Lives, right here at 2 PM. 

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My bet.  End QT this month. No rate cut.  

I suppose somebody at the Fed knows that when the debt ceiling is lifted keeping bill rates down probably isn't going to happen without QE and it will look really bad if the are 'cutting rates' and rates rise.  

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Shport lines on  the hourly are now at 2913 and 2910.  But the real break would be 2889. If that goes, brick shitting starts. 

On the upside, resistance is at 2935-37. If that's cleared, rocket launch. 

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1 hour ago, DrStool said:

Sniff, sniff. What's that smell?  Can you smell it? 

It's animal spirits.  

It smells like bullshit. 

Because it is. 

It's overwhelming.  

Will the Fed cave to Trump? 

If it doesn't, will the market rally anyway?

Stay tuned for the next episode of Days of Our Lives, right here at 2 PM. 

Days of Our Lives........and then there will be

Search For Tomorrow......

 

>: anyone up for a game of triple witch

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I'm having trouble staying awake. Think I'll bet it all on green, or red?

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As we approach 2 PM, the  market is sitting exactly on the hourly trendline. 

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In  a surprise announcement today Fed Chairman Powell said he and Larry Kudlow had fallen in love and were going to run away to a tropical island together.   

Oh wait. Forget that.

Actually one of my predictions was the market post announcement would hit both of Lee's hourly numbers and then rattle around in the middle somewhere. 

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1 hour ago, MisFit Kid said:

Days of Our Lives........and then there will be

Search For Tomorrow......

 

>: anyone up for a game of triple witch

General Hospital

As the World Turns

Guiding Light

and finally, where we are today--

The Edge of Night

The Secret Storm

 

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12 minutes ago, DrStool said:

General Hospital

As the World Turns

Guiding Light

and finally, where we are today--

The Edge of Night

The Secret Storm

 

Then there was the imaginary soap opera.

The Painful Threshold.

So no change in the balance sheet runoff? Stays the same?

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