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Now the Fed Got a Problem with Tapering


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#11 fib_1618

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Posted 09 October 2021 - 06:56 AM

FWIW, I'm short bonds.

 

When looking at the longer term advance/decline data, one might conclude that the FED has been "tapering" for quite awhile now.

 

Data through October 1st.

 

Fib

 

ltig100121.png

 

http://www.technical.../ltig100121.png


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#12 MikeyG

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Posted 09 October 2021 - 03:11 PM

FWIW, I'm short bonds.

 

Depending on your time horizon, it could be a good play, but I think the meat on the bone is getting thin. 

 

LT there is a lot of overhead resistance in yields! 



#13 redfoliage2

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Posted 10 October 2021 - 07:31 PM

Earnings reporting season kicks off this week with big banks to report on Oct 13th and I see most of them will beat ..........................


Edited by redfoliage2, 10 October 2021 - 07:33 PM.


#14 redfoliage2

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Posted 11 October 2021 - 09:17 AM

As the ST issues have been resolved I expect the market going higher next week for OpEx .......................

Currently the market is bullish-biased, VST target SPX 4455 ...............................


Edited by redfoliage2, 11 October 2021 - 09:26 AM.


#15 redfoliage2

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Posted 11 October 2021 - 11:47 AM

It dropped back into the down channel, turning bearish again ........................



#16 redfoliage2

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Posted 11 October 2021 - 01:56 PM

It dropped back into the down channel, turning bearish again ........................

This just tells that the stock market still has more downside to go ..................


Edited by redfoliage2, 11 October 2021 - 01:58 PM.


#17 redfoliage2

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Posted 12 October 2021 - 10:17 AM

Watch out - SPX 200 dma is like a magnet down there ......................



#18 redfoliage2

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Posted 12 October 2021 - 12:48 PM

However, it looks a bounce in the cards if big banks' reports please the market tomorrow.........................


Edited by redfoliage2, 12 October 2021 - 12:51 PM.


#19 redfoliage2

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Posted 13 October 2021 - 12:14 PM

This market is rotten, JPM got sold big today upon reporting earnings beating the consensus.  This looks a trend and the stock got sold as soon as the earnings reported.  This tells me the stock market correction is not done yet.....................



#20 redfoliage2

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Posted 14 October 2021 - 08:47 AM

With SPX regained 4400 the market turned ST bullish .....................