Posted by DigiNomad on 7th of Feb 2023 at 01:00 pm
Powell says may have to take terminal rate higher than thought
and hold for longer. So the market buys bonds (yields lower) and
buy equities. Basically, the market seems to have waited for JP to
start talking so that it could call BS on his "higher for longer"
position in a more emphatic way.
and regarding that system, here's the other facts: the average
hold time historically was 17 days, and we've been in the trade for
13 days, so it's not out of statistical norm, in fact it's held
less than the average so far. Again it's one sub system that
is in a 1st and 2nd entry, it's not like there's 2 or 3 systems
short that are in 2 and 3 entries each like we see with the long
systems during sell offs where you get multiple systems 3 or 4
systems in trades and in multiple entries. It's one system out of
23
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Powell says may have to
Posted by DigiNomad on 7th of Feb 2023 at 01:00 pm
Powell says may have to take terminal rate higher than thought and hold for longer. So the market buys bonds (yields lower) and buy equities. Basically, the market seems to have waited for JP to start talking so that it could call BS on his "higher for longer" position in a more emphatic way.
10 year yield (TNX) move
Posted by DigiNomad on 7th of Feb 2023 at 01:29 pm
10 year yield (TNX) move during the speech was insane. Now higher...meaning the initial BS call by the market was mostly taken back.
Fed days = head fake days.
Crazy action. Maybe Matt's short
Posted by kevindeng0727 on 7th of Feb 2023 at 01:53 pm
Crazy action. Maybe Matt's short system will exit at positive numbers.
and regarding that system, here's
Posted by matt on 7th of Feb 2023 at 02:04 pm
and regarding that system, here's the other facts: the average hold time historically was 17 days, and we've been in the trade for 13 days, so it's not out of statistical norm, in fact it's held less than the average so far. Again it's one sub system that is in a 1st and 2nd entry, it's not like there's 2 or 3 systems short that are in 2 and 3 entries each like we see with the long systems during sell offs where you get multiple systems 3 or 4 systems in trades and in multiple entries. It's one system out of 23