Wkly Market Round-Up thru Sep 16th 2016; This is Aunt Bee’s Week!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Sep 16th 2016; This is Aunt Bee’s Week!
Sep 172016
 

Hey Folks, even though this week felt rather bearish, the actual numbers and price action gave us higher close than where we started. And we are clearly in a “Bad News” is “Good News” economic environment; –one in which I am sure you are all too familiar! Now it is the FOMC and Janet Yellen’s turn to offer up their prescription for what ails the markets…The markets currently price in around a 20% probability of a rate hike this coming Wednesday and a 50%+ chance of a rate hike before the end of this year. I believe her press statement will be most important because it will be here that she can send a signal to the markets of where the FEDs will go from here; Dovish vs Bearish statements will drive price action. Get my take on the current markets in my weekly round-up below:


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sep 9 2016: What a kick-off!

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Sep 112016
 

Hey Folks, I am now back in the US from my European Tour. I met a lot of great people and had fun as I always do when I visit folks all across Europe. Looking at the financial markets I have identified a few key price levels that we must closely watch as we approach and more thru the Bank of Japan and the FOMC Policy Statements coming up on Sept 20th and 21st. Will we continue our momentum to the downside from Friday’s large move lower, will volatility continue to move higher and what can we expect? You can get my take here in this week’s market round-up;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 26th 2016: The Boy’s hate Aunt Bee’s Blueberry Pie!

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Aug 272016
 

Well, the ending to this week was capped off by some of the worst communication strategy I have seen from the FEDs…Aunt Bee [A.K.A. Janet Yellen] spoke from the Fed’s Anal Symposium (sorry, I meant to say the Annual Symposium) from Jackson Hole WY (appropriately named of course!)…she started talking at 10 AM EST (and a transcript of her speech was released as she started) and the market price action seemed to say, “OK, we can prep for one rate hike; –and the idea of a very slow and cautious glide path for future rate hikes makes sense”…so price action turned more bullish and volatility actually came down some…then, no sooner had she finished her talk when “The Boys” from the FED, like J. Bullard came out on the press circuit and said, we can see not one, but TWO! rate hikes in 2016! Now price action of course reacted very poorly to this concept and the outcome was predictable; -bonds lower, USD higher and Gold; –well it was a bit confused…Volatility also shot right back up as well….So in summary here, the FED communication strategy needs an attitude adjustment! Here is my take on the markets below:


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 19th 2016; –Bulls out of breadth?

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Aug 202016
 

Hey Folks, as we enter into the middle of August we still see over 6 weeks in a row of green candles showing the surprising strength of this market; –but not surprising to us as we could see the market action moving higher according to our chart and price action. Now what? I do see some near term weakness in the markets so check out this weekly update to get my take;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 12th 2016; Price action still favors the bulls — for now

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Aug 12th 2016; Price action still favors the bulls — for now
Aug 132016
 

Hello everyone, I hope you are enjoying your weekend as we move into the middle of August, the traditional weaker time for the S&P 500 price action. Thus far, we are moving according to our initial price target of 2200, even if it is a grind! And yes, I agree this upward appears most illogical compared to a lot of the US Economic data I have been reading…but as we have said here time and time again, prices will move towards the path of least resistance and thus far, that appears to be higher. How much higher can we go? Get my take on the markets in this video below;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 5th 2016; –Strong Economic Numbers – Positive Price Action!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Aug 5th 2016; –Strong Economic Numbers – Positive Price Action!
Aug 062016
 

Hey Everyone, is it actually possible to have strong US Economic data hit the wires and then have price action respond favorably? I.E., Good News is Actually Good News? Well, in my opinion I believe the markets still are treating good data as bad news for the market price action however, I feel we have now reached a point where the markets do not believe the FEDs at all! Nor do they believe the FEDs will raise the interest rates before the Presidential Election here in the US. In fact the probability of a FED Rate hike before the end of this year is still under 50% according to the 30 Day Fed Fund Futures markets…so the markets are now starting to discount possible near term FED action….of course what this means is when or if the FEDs do raise the rates the price action will not like it at all and will more than likely react poorly….but I guess that is for another day and another time…for now, it is up and away! Here is my take on the current markets;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb