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Market Moves Into The Fed Meeting and What To Watch For In The Statement

Cory
March 20, 2019

Raghee Horner, Futures and currency Expert and Simpler Trading joins me today to share her thoughts how the USD and US markets are moving heading into the Fed meeting. We also discuss the keys to watch for in the statement today.

Click here to visit the Simpler Trading website and follow along with Raghee.

Discussion
39 Comments
    Mar 20, 2019 20:04 AM

    Reposting this
    https://www.zerohedge.com/news/2019-03-20/neutered-fed-politically-trapped
    The purpose of the Fed chiefs’ dog-and-pony show was to promote the notion that the Fed really really really (try not to laugh out loud) “cares” about the average American, even though 85% of the $30 trillion in gains generated by the Fed’s policies flowed to the top 10% and roughly two-thirds of the gains flowed to the top few percent.

    The bottom 80% got essentially nothing except a drastic reduction in the purchasing power of their stagnating wages. If this is how the Fed “cares” about average Americans, I wonder what they’d do if they chose to impoverish average Americans. Oh wait a minute, they already did.

    CFS
    Mar 20, 2019 20:39 AM

    I see auto-makers swiching to platinum, to replace palladium; just as they swapped from Pd to Pt a decade ago.

    Pt will probably advance the most this year, notwithstanding current TA.

    Mar 20, 2019 20:54 AM

    GDX is holding between point of control and TAS bottom in a bearish daily box…..i am in it because weekly and monthly look good…alright not good but hopeful in an iincipient move

    Mar 20, 2019 20:55 AM

    SPY:GLD has retraced 61.8% of its Q4 plunge and is backtesting broken channel support:
    http://schrts.co/zDbnYgde

    Will it push higher if the Fed doesn’t cut? Maybe, but probably not soon.

    Mar 20, 2019 20:08 AM

    HOLY GDX batman…Returned to screen after 10 minute break!…Dovish!…Not support for dollar as Trump wanted since campaign!

    Mar 20, 2019 20:11 AM

    GDX 22.97 is now significant 300 minute resistance…..if close over on volume it is a conformed AB=CD up!

    Mar 20, 2019 20:11 AM

    H&S top for GDX? I doubt it:
    http://schrts.co/StiQqTBx

    Mar 20, 2019 20:14 AM

    /ES looks to reach higher targets as Avi Gilburt had described…Me likes it!

    Mar 20, 2019 20:18 AM

    GDX is in powerful CD leg up

    Mar 20, 2019 20:40 AM

    This action supports my view that the high last month was not and intermediate term high. We’ll see…
    http://schrts.co/JFXDvPUU

      Mar 20, 2019 20:46 AM

      Yes Matthew…..this move may move over the feb high…good luck to traders…….inflate till IT breaks?!

        Mar 20, 2019 20:04 PM

        OR… inflate to hide that it’s already broken.

      Mar 21, 2019 21:43 AM

      Agreed Matthew. I felt we’d see the high from late March – May, then cool off for the Summer doldrums for some backing and filling. There is still a window over the next 2 months where Gold can push higher and break above the 2016 high resistance of $1377.50.

      If/when a break above that level happens, it proves beyond a shadow of a doubt that Gold has been in an uptrend since Dec of 2015 at the bottom of $1045.40, and gets rid of the garbage narrative that Gold has been in a downtrend since 2011 for 8 years (which is simply not true).

      People that measure from the 2011 high to now and show lower highs don’t seem to realize the wave or leg down ended when Gold bottomed in 2015. That is where one starts measuring the next leg higher, and the yellow metal has been NOWHERE close to the $1045.40 low, but has been bumping it’s head on upper resistance, and it will eventually break through.

      Also they haven’t been lower highs, but staggered – $1377.50 in 2016, $1362.40 in 2017, and then $1369.40 in 2018. How hard is it to see that $1369 is higher than $1362 for proponents of this “lower high” nonsense?

      Also the recent high of $1349 doesn’t mean that was the height of this intermediate move, and if gold keeps powering higher over the next 2 months…..THEN…. we’ll see where the high comes in for Gold, and if it takes out $1377.50 making a new high and showing this is an impulse leg, then is shows, the higher lows we’ve also seen since the 2015 major bottom, show the uptrend for the last 3 years has remained in place.

      Gold still has work to do if it is going to validate this thesis, but it is waaaaaay closer to making a new high than making a new low, and the bears have been wrong footed for a long time now, and are going to get caught with their pants down around their ankles, scratcing their heads, and wondering where this move higher came from.

      Ever Upward!

        Mar 21, 2019 21:47 AM

        Once the breakout in Gold is validated, then Silver the stock indexes like GDX and GDXJ will put on their dancing shoes and really get their groove on.

    Mar 20, 2019 20:46 AM

    In a “golden cross” of sorts, the HUI’s 200 week MA is above its 233 week MA for the first time in 5 years…
    http://schrts.co/qRNFedEq

    Mar 20, 2019 20:41 PM

    If equity markets hold up for a few days we may get a slightly higher high abobe feb 2019…we will see…huge volumes on this breakout bar of gdx C to D leg up

      Mar 20, 2019 20:21 PM

      I don’t think it would pose a problem for GDX if equity markets were to fall. The gold miners went up significantly as the stock market fell 20% in Q4. The cat’s outta the bag with respect to which sector offers the better opportunity (and value).

      I think the miners are heading for more than just a slightly higher high and that will surprise a lot of people.

    Mar 20, 2019 20:52 PM

    Is it just me or is the Impact chart looking prime for a reversal?

    GH
    Mar 20, 2019 20:21 PM

    Significant breakdown in 10-year treasury yields today.

    Daily $TNX

    https://stockcharts.com/h-sc/ui?s=%24TNX&p=D&yr=2&mn=0&dy=0&id=p3379563551c

    GH
    Mar 20, 2019 20:23 PM

    The precious metals charts in general are pretty exciting right now.

    GDX:GDXJ is breaking down off the 200 week moving average:

    https://stockcharts.com/h-sc/ui?s=GDX%3AGDXJ&p=W&st=2008-03-04&id=p0023561449c