This was a quiet week for our trading in spite of the explosive moves created by the Fed. Those brave souls willing to take currency positions ahead of the announcement based on our Discretionary COT Signals were handsomely rewarded as our COT Sell Signal in the U.S. Dollar Index was sent out before 10pm on the 17th.
Our focus took a macro view as we attempt to assimilate contradicting indicators into a general thesis upon which to base our long-term trading. We found, “Hidden Strength in the S&P 500,” in our piece for Equities.com. Once again, ahead of the Fed’s announcement.
We expanded on this in our macro piece entitled, “Expected Turbulence in the Financial Markets.” We discussed the smart money flooding into the short end of the yield curve combined with the growing disparity in the consensus of the commercial traders between the Nasdaq 100 and S&P 500.
Finally, our mechanical Commitment of Traders signals continue to perform well, with another winner in the Live Cattle market.
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