SPY Gapped lower and then held the 10 DMA later filling the gap left from Friday's low, closing just beneath. Volume super light again which is not surprising ahead of the FOMC. Can now see either 115 or 123 as …
Following Rules Works Out Most of the Time
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Last week I wrote about "Operation Twist" a Fed tool used in 1961. Friday, Reuters did an article about that and other FED options. I am no economist, but that option resonated with me. Here's a direct quote from a …
SPY If this week's closing price is above the downgrade week's closing price, maybe, just maybe we can begin to look at some of the S & P 500 stocks that have gotten hit hard. But for now, we can …
Setups for Longs and Shorts
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SPY This rally pre FED meeting was completely in line with the expectations I wrote about on Monday evening. Question now is how much more? After all, looking at the big picture, this is still a low volume (Accumulation day …
As we near the trading range high, the Nuggets have led
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Next Federal Open Market Committee (FOMC) meeting on Sept. 20-21. Been doing some research and found an interesting strategy used in 1961. The FED did "Operation Twist," which means they sold short-term securities while buying longer-term debt. The goal was …
Until FED here are weakest/strongest groups and stocks
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SPY In the last 2 weeks since my vacation, there have been 3 accumulation days and 2 distribution days in volume. One of the distribution days was Friday, the only day of the last 2 weeks that beat the daily …