And Then the (Fed) Doves Became Hawks! Fed’s Brainard and Daly – two well known doves – are spooking the markets by turning into hawks with their public comments yesterday. Markets are reacting as if the Fed’s resolve to fight inflation is some flash news. Neither may be surprising for keen Fed/bond market observers. As (more…)

Continued Retracement or a Bull Trap? Day 4 Our last trading plan – published on 03/29, Tuesday – stated: “The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in (more…)

Continued Retracement or a Bull Trap? The retracement from the lows seen over two week back could be coming to a peak today or sometime this week. The price action around this peak would reveal the next near term directional bias in the markets, if any. Whether it is going to be a consolidation against (more…)

Interest Rates to Start Chipping Away At the Markets Our trading plans last week wrote: “Unless Powell sounds unexpectedly more hawkish, chances are the reail shorts could get burned before any directional move settles in”. Yesterday’s inflation comments from chair Powell could be that “unexpectedly more hawkish” (or, something the markets were hoping not to (more…)

Rate Hike Failed to Scare the Markets? Our trading plans yesterday indicated: “Unless Powell sounds unexpectedly more hawkish, chances are the reail shorts could get burned before any directional move settles in”. If you followed the markets yesterday, you know how it unfolded. Yep, spot on! The “sell the rumor, buy the news” spike up (more…)