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Powell's Prepared Statement for the Nomination Hearing


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#41 redfoliage2

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Posted 24 January 2022 - 02:10 PM

Stocks got a deep washout, spun, and now dried.  We are very likely to see a big bounce into the Fed meeting .........................


Edited by redfoliage2, 24 January 2022 - 02:10 PM.


#42 redfoliage2

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Posted 24 January 2022 - 03:04 PM

This looks like an intra-day reversal.  Some bears started covering and some still shorting a bottom and soon will get punished ......................


Edited by redfoliage2, 24 January 2022 - 03:12 PM.


#43 redfoliage2

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Posted 25 January 2022 - 12:25 PM

The market is hammering a bottom here.  We have been seeing an unusual January as many investors have been too scared by the hype that the Fed is going super-hawkish and so they are still waiting to position for the year yet.  With the recent big pullback they are likely to act once the Fed meeting is out of the way tomorrow.  The street consensus is a 7% gain for SPX this year, but I see this is conservative.  So a real bargain here   .......................


Edited by redfoliage2, 25 January 2022 - 12:28 PM.


#44 redfoliage2

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Posted 26 January 2022 - 10:04 AM

The market must have been informed last night, and the Fed is going to give bears a shock today ...........................

BTW, I moved up here:

https://www.traders-...-at-this-point/


Edited by redfoliage2, 26 January 2022 - 10:06 AM.