- Ryan Mallory
Fed Announcement by Janet Yellen Hikes Interest Rates Again
Below is the Fed announcement and the FOMC Statement regarding the 0.25% interest rate hike:
Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household spending has continued to rise moderately while business fixed investment appears to have firmed somewhat. Inflation has increased in recent quarters, moving close to the Committee's 2 percent longer-run objective; excluding energy and food prices, inflation was little changed and continued to run somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will stabilize around 2 percent over the medium term. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.
- Ryan Mallory
The SharePlanner Trend Reversal Indicator is flashing all sorts of bearishess
And it is worth noting that there hasn't been a bearish reversal signal on the indicator since August of last year, which led to a 100-point reversal in the markets over the course a three month period.
Obviously that came to an end when Donald Trump was elected president and the beginning of what has to become known as the Trump rally began.
But now we are flashing similar signals on trend reversal indicator and price is showing a similar tendency as well.
- Ryan Mallory
It is always concerning to me when the T2108 Chart starts diverging from the market
For those of you not familiar with the indicator, the T2108 chart measures the percentage of stocks that are trading above their 40-day moving average. Typically in a very healthy market where it is consistently making higher-highs and higher-lows, the T2108 indicator will be in the realm of 75% or more.
So with the S&P 500 hitting new all-time highs day after day (minus the last five trading sessions), one would expect that this indicator would be soaring right?
- Snapchat Stock Value Is More Than These Companies
- Trend Reversal Indicator
- FOMC Statement 12/14/16
- FOMC Statement 11/2/16
- SharePlanner Reversal Indicator: Interesting Times
- FOMC Statement 9/21/16
- SharePlanner Reversal Indicator: Wanting Direction
- Hindenburg Market Analysis
- SharePlanner Reversal Indicator: Potentially Bullish Amid a Stalemate
- Bearish Divergence In The Market Just Like Last August 2015
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