CNH is a long position to take a look at -Farm machines. This is likely to be a player in the food/grain shortage and it's acting well today.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
3 comments:
Brandt,
So, putting your experience with 3C to the test here, would you say that the above 5minute 3C DIA should follow through to real market action by the latest tomorrow? (As it started showing distribution a while back now, last Thursday).
Same OLD CRAP! Market moving SIDEWAYS and UP. Market certainly NOT moving DOWN!
I would think so, unless there was a major change in 3c 5min stance today, which I don't see yet. IT seems to be about the right timing. I have to check the eco. calendar, see if anything is on for tomorrow. The release of the Fed minutes surely has the possibility of being a catalyst.
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