Some momentum stocks stalled out today and others like WUBA downright took a hit, yet the broad tape continues marching on. The Fed minutes were expected to yield a muted response and sure enough they did. More and more Fed members were shown to increase their hawkish tone meaning they want to slow the asset purchases (the ‘free money’) and raise borrowing rates. They are citing improvements in the labor markets. Thus good labor numbers will likely be bad for stock prices going forward.
This is all very obfuscated, and to overanalyze Fed actions can be a waste of time. I want to know how participants are acting right now, and right now they bought little dip.
We are still searching for a conviction seller. The rally continues until we find one.
All I did today was buy the HOD in GLUU and I am about to take this hit on WUBA ahead of earnings. Aside from that I am excited for day three with the After Hours with Option Addict crew where we will be taking all of our newly minted terminology and market profile logic and analyzing some markets.
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Fiesta Forever..
~chant~
Tom bo li de say de moi ya
Yeah jambo jumbo
Way to parti’ we goin’
Oh jambali
Tom bo li de say de moi ya
Yeah jumbo jumbo..
🙂
yes
Raul If your not aware yet the AHWOA video doesn’t change screens after about 5min…audio is ok though. Not sure if it can be fixed. If anything can you post a few of the slides in the chat section? Or post in the AHWOA.
It should be good now, the initial upload bugged out on its way to the vimeo servers. Let me know if you still cannot access it.