General market started of by a rally in the Curde Oil / Energy Sector, followed by supports from the Financials and other Sector bounce from oversold.
As we wait for the FED meeting next week. There could be possible opportunity to down side, from short term (IMO).
As we wait for the FED meeting next week. There could be possible opportunity to down side, from short term (IMO).
Kommentar:
So far, Just as planned.
Kommentar:
ECB President Draghi said QE to continue until Sept. 2016 or beyond if needed and the ECB to re-examine degree of stimulus in Dec.
Kommentar:
Previously Updated, ECB quantitative easing has not stopped. What really happened was, After yesterday close, I had a setup long generated from one of my fav strategy on a 6hr chart - Did not expect this a rally, But was expecting a retracement to the trendline. Unfortunately, it made a new high (thanks to the ECB QE announcement). Had to close the starter position. Lesson from here is - Position sizing (glad i followed my rule). Google and Amazon reported earnings as well, adding more fuel to the market after hours. Over all, I will start focusing back on the Sectors, until I find a setup with the Index.
What do I really expect from here?
1. QE is on full throttle, the deflation in US economy has been on watch since the ZB (Bonds) haven't sold off during the recent reversal move on the SPX.
2. I am not certainly expecting Dollars to explode. Certainly SPX can pop.. The Shorts covering will have to fuel that rally. Atleast for a couple of days.
What do I really expect from here?
1. QE is on full throttle, the deflation in US economy has been on watch since the ZB (Bonds) haven't sold off during the recent reversal move on the SPX.
2. I am not certainly expecting Dollars to explode. Certainly SPX can pop.. The Shorts covering will have to fuel that rally. Atleast for a couple of days.
Kommentar:
What I expected was a move like this......
Uday C Santhakumar