The collision of global markets and social mood

Wednesday, June 17, 2015

Wednesday -- Fee-Fi-Fed-Fogo

ES Futures:
Holding yesterday's gains.

News:
Fed's two-day meeting concludes today with a 2pm announcement and a press conference to follow.

Europe is down hard once again while Asia had a good night.

FX:
AUD, GBP, and JPY in play today along with CHF.

Treasuries:
Volume still not kind as prices have managed gains.

Energy:
WTI crude has poked above 60 once again (yet volume not here either). NG looking consolidative.

Metals:
Gold 1178s.

S&P Outlook:
Middle of nowhere currently. I could make a bull case as easily as a bear one. Best course of action is to wait for any post-Fed volatility to take place, for clearer waves and levels to be established, and to resume well-rested with fresh eyes.

Two break points I'm watching: 2121.92 above and a possible 1:1 extension to 2052.44.

Elsewhere, a Fogo de Chao IPO? Could it have anything to do with the chart of live cattle?

Source: Barchart.com
There is a brand new Fogo de Chao here on La Isla Del Encanto. Even though it's a chain, gotta try it soon.

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