Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The volatility subsided, but the range remained. 4 picks dipped below their stops. Were they too tight? Or is this the beginning of the end for the longs. Time will tell.
Meanwhile, list performance improved slightly to an average of +2.4%, up from +0.2% the week before, on an average holding period of 15 days, up from 10 days the week before. The percentage change assumes cash trades, no margin, no options.
The stopouts left just 4 picks on the list. All are longs, and all look ok to hold, with stops adjusted based on trigger lines in the charts. I added two more picks from Friday’s screen.
For several months, I’ve been positing the idea that when the Treasury gets its cash level down to the legally required limit, the stock and…
It’s right there in the data: one of history’s most spectacular monetary inflations and asset Bubbles.
The Fed’s god-like powers will be revealed for what they really are: artifice and illusion.
I just can’t.
OK, let’s zoom into the 30 minute bars and see if it makes any more sense.
Well, no. But the 2-3 day and 5 day cycle projections are now both around 4260.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
CUSIP: 91282CCA7Term and Type: 4-Year 10-Month TIPSReopening: YesOffering Amount: 16 BillionAnnouncement Date: 06/10/2021Auction Date: 06/17/2021Issue Date: 06/30/2021Maturity Date: 04/15/2026PDF | XML
Bears won the swing trade screen game yesterday, with 31 sell signals vs. 17 buy signals. 5 of the buys were fixed income ETFs. 2 of the sells were fixed income inverse ETFs. My head hurts.
Let me say just say this about that. People buy fixed income today have big asspain in the Fall.
Yesterday I wrote that BTC had the makings of a pretty good intermediate swing bottom. All in all, this has the makings of a classic…