The collision of global markets and social mood

Wednesday, June 17, 2015

Wednesday -- Fee-Fi-Fed-Fogo

ES Futures:
Holding yesterday's gains.

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.

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

Volume still not kind as prices have managed gains.

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

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?

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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