Menu Close

Are Fed Drains Setting Up A Buy Signal? – WSE Pro

The Fed drained for the sixth day in a row, as it continued unwinding the huge holiday liquidity bulge. It drained a net of $0.75 billion with $2.5 billion in overnight repos against expirations of $3.25 billion. That’s now $26.5 billion in drains over the last six days. The ending of the massive seasonal up thrust has tended to coincide with the beginning of top formation in the stock market in each of the past three years. It’s beginning to look like this year will be no different. However, it should be noted that it takes a couple of months for the top to unfold into a correction. Don’t expect a one day turnaround. Click here to download complete report in pdf format (Professional Edition Subscribers).

Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading