Tuesday, August 10, 2010

Update

The market has thus far responded positively to the Fed's announcement that it will roll over its mortgage security portfolio and not shrink its balance sheet for the foreseeable future.

If the ES can close above 1116 today I think the swing to 1145-50 will resume.

5 comments:

siricor said...

Thank you Carl for your always timely and insightful analysis!

Trading The Charts said...

bought dow at 645 for a run into the close.b/e at 45 purely a ....

Naveedah said...

Your up dates are so very protective.
Your first guess estimates1102--1122,
were fantastic.1108-1126,so very close.
Like always,Ifeel protected,supported and brave w/your insight.
How lucky we all are to have YOU!
Live long and happy for us!Sir.
GN!

dclancy said...

Why if everyone was expecting more Quantitative Easing and expecting the market to go up on QE would it not be a contrarian trade, and market goes down? At least for a while to shake out some bulls?

dclancy said...

Why if everyone was expecting more Quantitative Easing and expecting the market to go up on QE would it not be a contrarian trade, and market goes down? At least for a while to shake out some bulls?