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A Bearish, Anti-Climactic End to Fed's Tightening Cycle Sets Up A Bullish Post-Fed Fade #stockmarket
about 2 months ago by Dr. Duru Diagnoses Markets @ Dr. Duru Diagnoses Markets

The Federal Reserve officially brought an end to its cycle of monetary tightening by cutting rates a whole 50 basis points. Chair Jerome Powell's called this action a "recalibration" to get policy closer to the neutral rate (where-ever that is). The conference call was anti-climactic and Powell clearly wanted to manage the crowd and markets to think and feel like nothing significant is happening. I think markets were initially disappointment that the Fed is giving no real roadmap on rates, but the overall bullish economic message is likely to support a bullish fade of the initial post-Fed reaction. In this video I review the seesaw of bearish and bullish indicators and take some guesses at what could be coming next. See my blog this weekend for more details! https://www.drduru.com/onetwentytwo/blog #swingtradebot #stockmarket #marketbreadth #AT50 #technicalanalysis #bondmarket #monetarypolicy #federalreserve

Spike Highs Spell Trouble For Indices
about 2 months ago by noreply@blogger.com (Declan Fallon) @ Fallond Picks

The S&P was the index to watch today - it promised much - but in the end, delivered little. The larger picture (weekly charts) still favor bulls, but daily charts are doing their best to suggest otherwise. The index that marked the largest peak reversal was the Russell 2000 ($IWM). There was a clear symmetry in the peak from July and the one from today. And, should the index follow the same path, then a short, sharp drop can be expected. Technicals are net bullish, as they were back then. The best outlook for bulls is if premarket action can eat into the spike high, but if it stays at or near today's close, then when markets open it could turn into an ugly day. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQtlXvAQZad1yGtXtXgT9rlhAxSgVTvfTqjmb308nyK-Fx54ba97f2uvEI9hldWauD3cGPXlZ8lJ_XqJiNP1c8Qfgd_dkDliYa3EXRPFIo-FJrWTg20InFxGTXtZC1C1gqQ0aw1iMUroXaTPJRHu3_cARxcki_STbppqjXYDlL5wpXd8BegPLQ/s1600/iwm_sep...

Financial Sector Fallout? The Federal Reserve Interest Rate Decision
about 2 months ago by Mike Zaccardi @ See It Market

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Borrowers face significant challenges, so says the CFO of one major auto lender. Record profits are seen in another niche of the Financials group, and we’ll get a mid-quarter update this week. Despite soft dealmaking activity on Wall Street […] The post Financial Sector Fallout? The Federal Reserve Interest Rate Decision appeared first on See It Market.

IPOS

The Secret to Perfecting SPY Entry Points? RSI!
about 2 months ago by StockCharts TV @ StockCharts.com YouTube Channel

Joe Rabil, Rabil Stock Research , shows how to use #rsi in multiple timeframes to identify the next buying opportunity in the SPY. Joe thinks this rally is important and uses the ADX to distinguish between the strength in different indices. He shows how he moves quickly around ACP and discusses some valuable sector action in the process. Finally, he goes through the symbol requests that came through. Send your symbol requests to stocktalk@stockcharts.com 📈 Click Link to Learn About Joe's Services, Courses and Book: https://rabilstockresearch.com/ 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at https://stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: https://tinyurl.com/wvet7qj 00:00 - Joe Says Hello 00:41 - Trading Lesson: Use RSI to Find the Next Entry in SPY 04:38 - Fair Isaac & Co (FICO...

FOMC Projections
about 2 months ago by Calculated Risk @ Calculated Risk

Statement here. Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. Here are the projections.  Since the last projections were released, economic growth has been above expectations, the unemployment rate is slightly above expectations, and inflation lower than expected (although there are some "base effects" that might push PCE inflation up a little later this year).In June, the FOMC participants’ midpoint of the target level for the federal funds rate was around 5.125% at the end of 2024.  The FOMC participants’ midpoint of the target range is now at 4.5% at the end of 2024.  <br ...

FOMC Statement: 50bp Rate Cut
about 2 months ago by Calculated Risk @ Calculated Risk

Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Com...

Are Commodities Setting Up For A Major Turn-Around?
about 2 months ago by Michele Schneider @ See It Market

Look at the headline of this chart and you can see that global FMS allocation to commodities is at a 7-year low. This is fascinating, particularly the day before the FOMC meeting and after an increase in M2 over the last several weeks. We also had a positive reading in the Empire manufacturing numbers. And […] The post Are Commodities Setting Up For A Major Turn-Around? appeared first on See It Market.

GOLD

Wednesday links: investing your attention
about 2 months ago by abnormalreturns @ Abnormal Returns

AIA: Architecture Billings Declined in August; Multi-family Billings Declined for 25th Consecutive Month
about 2 months ago by Calculated Risk @ Calculated Risk

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firm billings remained sluggish in August, as the AIA/Deltek Architecture Billings Index (ABI) score declined to 45.7It has now been nearly two years since firms saw sustained growth. However, clients are still expressing interest in new projects, as inquiries into work have continued to increase during that period. However, those inquiries remain challenging to convert to actual new projects in the pipeline, as the value of newly signed design contracts declined for the fifth consecutive month in August. Business conditions softened in all regions of the country in August, with firms located in the West reporting the softest conditions for the second consecutive month. Billings were flat at firm...

Personal finance links: mistake management
about 2 months ago by abnormalreturns @ Abnormal Returns

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the...