There is a tremendous amount of important news from every corner of the globe this morning, I think it would take all day for me to get it out and then by that time there's be even more.
Right now we have a Fed POMO operation underway. Some of the positive 1 min divergences seen yesterday are still in effect in the QQQQ and DIA right off the opening gap down, the SPY is in confirmation with no positive divergence.
At 11 a.m. the POMO will end and we'll see the results. A quick brief is coming up next..
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
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