14 Jan 2019

SPY Rallies To Just Under 260 – Sideways At Best, Downward At Worst Likely Path N/T

by | posted in: Credit, Derivatives, Economy, Equities, Technicals | 0

Since the intraday low on Boxing Day, SPY is up nearly 11 percent.  Too far, too fast?  Possibly, as the ETF is just a hair breadth away from support-turned-resistance at 260, which it lost mid-December. The Fed has a dual … Continued

17 Mar 2015

FOMC will probably dictate next big move for dollar index

by | posted in: Currency, Derivatives, Economy, Technicals | 0

Dollar index signaling it is ready to at least pause? Stronger $ will adversely impact both exports and earnings Fed can ill afford to send hawkish signal post-FOMC on Wednesday Over the past three sessions, this is how the U.S. … Continued