sábado, septiembre 19, 2015

FED LAB EXPERIMENTS COULD FAIL / DAVE´S DAILY

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 Fed Lab Experiments Could Fail

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 lightning animated GIF

The hangover from yesterday’s Fed announcement and news conference was a dud. The FOMC is seeing its Keynesian experiments possibly fail as we’re now in the stretch run of the experiment which is the exit to interest rate normalization.

Even though the FOMC did nothing Thursday, bulls either are having a hissy-fit about future policy normalization or bears are convinced Yellen & Company has lost their collective credibility.

After Thursday’s “sell the news” price drop, Friday saw much more selling as quadwitching elevated action into the negative close.

As markets tried and failed to put three positive days together it only means charts from a technical perspective get messy destroying would be trends. However, we believe since markets closed August with a break of the monthly 12 period Moving Averages generally this means the 7 year rally is over.

The ownership of this 7 year market action exclusively lies with Fed experiments.
 
There’s little to add, the markets doing all the talking.

Let’s see what happens.



9-18-2015 5-54-26 PM

There wasn’t much news this day beyond another decline in Leading Indicators which dropped to 0.1% vs 0.2% expected.

Markets opened weak and stayed there throughout the trading day staying near their lows.

Market sectors moving higher included: Volatility (VIX), Treasury Bonds (TLT), Gold (GLD), Gold Stocks (GDX), Silver (SLV) and the Dollar (UUP).

Market sectors moving lower included: Everything else.

The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.

Volume was heavy once again on more distribution and breadth per the WSJ was negative while Money Flow basically reversed the prior week’s gains.

9-17-2015 6-14-53 PM
9-18-2015 3-16-03 PM YTD



Charts of the Day


  • SPY 5 MINUTE

    SPY  5  MINUTE


  • SPX DAILY

    SPX DAILY

  • SPX WEEKLY

    SPX WEEKLY

  • INDU DAILY

    INDU DAILY

  • INDU WEEKLY

    INDU WEEKLY

  • RUT WEEKLY

    RUT WEEKLY

  • NDX WEEKLY

    NDX WEEKLY

  • AAPL WEEKLY

    AAPL WEEKLY

  • XLB WEEKLY

    XLB WEEKLY

  • XLE WEEKLY

    XLE WEEKLY

  • XLF WEEKLY

    XLF WEEKLY

  • XLI WEEKLY

    XLI WEEKLY

  • XLP WEEKLY

    XLP WEEKLY

  • XLY WEEKLY

    XLY WEEKLY

  • XRT WEEKLY

    XRT WEEKLY

  • IYT WEEKLY

    IYT  WEEKLY

  • XLU WEEKLY

    XLU WEEKLY

  • IYR WEEKLY

    IYR WEEKLY

  • ITB WEEKLY

    ITB WEEKLY

  • HYG WEEKLY

    HYG WEEKLY

  • TLT WEEKLY

    TLT WEEKLY

  • UUP WEEKLY

    UUP WEEKLY

  • FXE WEEKLY

    FXE WEEKLY

  • GLD MONTHLY

    GLD MONTHLY

  • GDX MONTHLY

    GDX  MONTHLY

  • SLV MONTHLY

    SLV MONTHLY

  • DBB MONTHLY

    DBB MONTHLY

  • USO MONTHLY

    USO MONTHLY

  • DBB MONTHLY

    DBB MONTHLY

  • EFA WEEKLY

    EFA WEEKLY

  • IEV WEEKLY

    IEV WEEKLY

  • EEM WEEKLY

    EEM WEEKLY

  • EWZ MONTHLY

    EWZ MONTHLY

  • RSX WEEKLY

    RSX WEEKLY

  • EPI WEEKLY

    EPI WEEKLY

  • FXI WEEKLY

    FXI WEEKLY

  • NYMO DAILY

    NYMO  DAILY
    The NYMO is a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. When readings are +60/-60 markets are extended short-term.

  • NYSI DAILY

    NYSI DAILY
    The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends. I believe readings of +1000/-1000 reveal markets as much extended.

  • VIX WEEKLY

    VIX WEEKLY
    The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge". Our own interpretation is highlighted in the chart above. The VIX measures the level of put option activity over a 30-day period. Greater buying of put options (protection) causes the index to rise.


 
 
 


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