Wednesday, August 09, 2006
And the Fed........
paused. As previously posted this was expected.
The Fed indicated that this was merely a pause and inflationary pressures were still lurking so it was not a halt to rises. However if you watch MNBC the commentators thought the Fed were sounding fairly dovish on further rises. The Fed Funds Futures markets were putting the odds of a rise at the next meeting at about 40%.
Anyway, how did this affect us.
On the news the SPX spiked up, but as predicted the markets then fell as the pause was precipitated by weak financials which spooked the market. The SPX ended the day down 4.30 to at 1271.50.
We are still in the Green Zone and looking ok.
All of you should also have received my RUT trade as well to place today. Make sure you place those stop losses as well. It's a nice 10 day position which on a $10,000 dollar trade should net you about $950. That's an annualised return of 421%.
Not bad I am sure you will agree.
Until next time.
The Fed indicated that this was merely a pause and inflationary pressures were still lurking so it was not a halt to rises. However if you watch MNBC the commentators thought the Fed were sounding fairly dovish on further rises. The Fed Funds Futures markets were putting the odds of a rise at the next meeting at about 40%.
Anyway, how did this affect us.
On the news the SPX spiked up, but as predicted the markets then fell as the pause was precipitated by weak financials which spooked the market. The SPX ended the day down 4.30 to at 1271.50.
We are still in the Green Zone and looking ok.
All of you should also have received my RUT trade as well to place today. Make sure you place those stop losses as well. It's a nice 10 day position which on a $10,000 dollar trade should net you about $950. That's an annualised return of 421%.
Not bad I am sure you will agree.
Until next time.
# posted by Paul @ 6:30 AM 
