ES mini ( S & P ) margin was raised again to $5800 ....always trying to keep us little guys down.. http://www.cmegroup.com/trading/equ...sector=EQUITY+INDEX&exchange=CME&pageNumber=1
From Oanda forex broker: Rising inflation could urge central bank to tighten faster Alfonso Esparza 20 Feb 2018 | 15:30 EST The USD rebounded against on Tuesday with North American markets coming out of a long weekend. The correlation between rising US bond yields and currency strength had broken down this year, but it now back on track with the 10 year Treasury note hitting a 10 year high driven by higher inflation expectations. The Fed has been divided internally on how to proceed in a slow inflation environment, but if prices suddenly accelerate there will not be need for debate with a higher pace of interest rate moves expected from the central bank. The January Federal Open Market Committee (FOMC) meeting was seen as hawkish and marked the end of Janet Yellen’s tenure. The notes from that meeting will be published on Tuesday, February 21 at 2:00 pm EST with the market scanning the documents looking for clues on the central bank’s views on inflation. CME FedWatch puts US interest rates 25 bps higher in March French, German and European flash PMIs expected to show slowdown FOMC minutes to provide clues on Fed’s inflation outlook
Wednesday's pre-market thread has been posted- <-- click there to read! Here's to a great trading day ahead to everyone in here for today!
Yeah, if the FED sounds concerned on inflation, then it could send rates higher and could be the headwind for stocks
nazzy still truckin' along here by far outperforming the other majors off those correction lows ... it broke above last week's highs. breaking over the daily 20sma and challenging the 78.6 retracement level today. looks like this has its eyes set on ATHs, only about 3% away from here. let's see what happens after the 2pm eastern fed minutes.
here are the other major indices and their respective fib levels. i like seeing the nazzy as well as small caps leading the charge back.
For now seems like the dollar and yields moving lower while stocks are moving higher after the minutes
market hitting nhod here ... dollar and bond yields moving slightly lower seems like the markets liked the mintues for now
more from today's fed minutes: Spoiler: Click to Show! FED MAJORITY: STRONGER GROWTH LIFTS LIKELIHOOD OF FURTHER HIKES SOME FED OFFICIALS SAW APPRECIABLE RISK INFLATION TO LAG TARGET Bloomberg highlights the key takeaways from Fed minutes lockup: One of the money quotes: "A majority of participants noted that a stronger outlook for economic growth raised the likelihood that further gradual policy firming would be appropriate" FOMC voters agreed to add word "further'' in front of gradual increases because of the stronger economic outlook Some doves countered back: "Some participants saw an appreciable risk that inflation would continue to fall short of the committee's objective'' and judged the FOMC "could afford to be patient" A number of FOMC participants indicated that they had marked up their forecasts for economic growth in the near term vs their December estimates; economic impact from recent tax cuts "might be somewhat larger in the near term than previously thought'' "Participants general noted few signs of a broad-based pickup in wage growth in available data" Several FOMC participants noted that "Amid elevated asset valuations and an increased use of debt by nonfinancial corporations, several participants cautioned that imbalances in financial markets may begin to emerge as the economy continued to operate above potential."
Yeah, Market well off the highs now after interest rates and the dollar reversing from their initial reaction from the minutes
Yep, in the last couple years I've been trading it seems like you could make money with both DUST and NUGT...open positions in both before the announcement, then close the one that goes green first. I think there was one time where it didn't work last year, but otherwise at least half the time it seems it could work. European (well Germany is biggest economy in Euroland right?) and Japanese markets never got the same bounce that we got in the U.S. It's funny to me because I keep hearing how the U.S. bull is older, and Europe has half the P/E that we do. Well we'll see what happens. Right now I'd be surprised if we got a global bear market, but it's dangerous to get too bullish. If we truly get the normal number of volatile days (1% moves) and we are near a top, then the majority of volatility seems set to be downward.
