Raghee Horner - SImpler Trading – Wed 20 Mar, 2019

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

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.

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  1. On March 20, 2019 at 10:04 am,
    OOTB Jerry says:

    Reposting this
    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.

  2. On March 20, 2019 at 10:39 am,
    CFS says:

    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.

    • On March 20, 2019 at 10:50 am,
      Matthew says:

      Current TA supports higher prices:
      The monthly chart is shaping up, too.

  3. On March 20, 2019 at 10:50 am,
    CFS says:
  4. On March 20, 2019 at 10:54 am,
    larry says:

    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

  5. On March 20, 2019 at 10:55 am,
    Matthew says:

    SPY:GLD has retraced 61.8% of its Q4 plunge and is backtesting broken channel support:

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

  6. On March 20, 2019 at 11:08 am,
    larry says:

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

  7. On March 20, 2019 at 11:11 am,
    larry says:

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

  8. On March 20, 2019 at 11:11 am,
    Matthew says:

    H&S top for GDX? I doubt it:

  9. On March 20, 2019 at 11:14 am,
    larry says:

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

  10. On March 20, 2019 at 11:18 am,
    larry says:

    GDX is in powerful CD leg up

  11. On March 20, 2019 at 11:40 am,
    Matthew says:

    This action supports my view that the high last month was not and intermediate term high. We’ll see…

    • On March 20, 2019 at 11:46 am,
      larry says:

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

      • On March 20, 2019 at 12:04 pm,
        Matthew says:

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

        • On March 21, 2019 at 5:45 am,
          Excelsior says:

          @Goldfinger – Major support ~$22.00 in $GDX held today:”

          “Powerful uptrend line drawn from the November low has had 5 touches, all successful for the bulls. #gold” – Goldfinger


    • On March 21, 2019 at 5:43 am,
      Excelsior says:

      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!

      • On March 21, 2019 at 5:47 am,
        Excelsior says:

        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.

  12. On March 20, 2019 at 11:46 am,
    Matthew says:

    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…

  13. On March 20, 2019 at 12:41 pm,
    larry says:

    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

    • On March 20, 2019 at 1:21 pm,
      Matthew says:

      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.

  14. On March 20, 2019 at 5:52 pm,
    Charles says:

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

    • On March 20, 2019 at 8:58 pm,
      Matthew says:

      I think so and a strong day tomorrow will be very helpful…

      • On March 21, 2019 at 5:48 am,
        Excelsior says:

        Nice hammer candle that could mark a reversal in IPT.

      • On March 21, 2019 at 8:48 am,
        Charles says:

        Thanks Matthew. Is that a monthly chart? If so, can you send a weekly?

  15. On March 20, 2019 at 9:21 pm,
    GH says:

    Significant breakdown in 10-year treasury yields today.

    Daily $TNX


  16. On March 20, 2019 at 10:23 pm,
    GH says:

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

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