LPG has been nice. I took it early. Technically I probably should have waited for it to close above 42.70 ish. 

FXY - I don't have a Japanese wifey so I bought FXY calls instead.  My sister lives in Bangkok, but the THB is still at the bottom of crash range.

EEM chart looks great.  Close to breaking out of an 18 month base. I'm getting in at 42.20.  

IBKR - this is a good one with a banger of a chart and insane fundamentals. I've been waiting for a pullback but that ABC on the 2 hour that started on April 25th might be it for the time being. 

Althea with some explanation of the stealth easing today

TLT - Treasury announced a buy back today and bigger than even what was rumoured. I think it's kind of rude if I don't follow them in. Long TLT. 

I'm jealous of Buffet, as usual. He borrowed an insane amount in the Japanese system at near zero and invested it in assets. Most of us can't get loans at Japanese rates like he can. 

Internals still positive. Positive VOLD on NYSE and NQ and positive slope on AD line. But not as convincing now as it was earlier today (NYSE = 1.1)

Agree, but I've been waiting to really shift when the weekly index charts were at an attractive buy point. Otherwise, switching to a longer term strategy late in the cycle involves taking quite a bit of risk with stop levels (the end of cycles is characterized by increasing pattern failures until almost everything eventually fails...and I'm just talking about a normal corrective phase). Of course, I never dreamed I would be waiting so long.  Quantifying "late in the cycle" is a lot harder than it sounds. 

NYCB - up 28% today 

JPOW looking at dollar right now and wishing he would have been a tad more dovish! Lol.

Serious question: does anyone know of a very successful modern trader (e.g. not Jesse Livermore)....a market wizards type..that doesn't maintain both a macro and fundamental view as part of their process along with technical analysis?  My impression is that all the great traders, even most day traders, use both, but I'm not positive about that. 

Thanks. I love the index updates with annotations. By the end of a day like today, I have many many tabs open and am very happy about having 64GB of RAM on my laptops!

Shortages without printing would not lead to inflation - it would lead to substitution. All inflation is ultimately caused by the Gov (name the famous economist that said this  )

And I agree that the Fed does not control long term interest rates....until you start with YCC...massive QE.  Even then it's questionable because the numbers get so big. That's why every bail out is magnitudes larger than the last...because we print to get out instead of solving the underlying issues....then the next time we have reset price levels and have to print even more to have the same effects. 

Yep. You can hate how they are printing money and inflating their way out of all problems and gaslighting all of us along the way (I sure as hell do), but it doesn't help to trade against it. Just makes it worse.  Consider them guilty as charged and then figure out how to profit from the effects of continuous currency dilution.  There have been ZERO hints that they have any concern or plans to stop the spending and printing - in fact they just surprised from an expected 200 billion to 240 billion and raised the out quarters....so they are openly accelerating, not the other way around. That will inflate asset prices. Maybe not tomorrow, but it will inflate them. 

This post yesterday was essentially spot on. Janet's role was more hidden but still very powerful.  

I think it's hard to trade these in the moment. I have been trading non stop to setup for it and had everything set about an hour before the print (except I added Gold when shadow easing was confirmed). Market could still go down because the economy is weaker than they can say out loud, but I CRUSHED it today.  Now reducing positions. 

The way you know the Fed and treasury eased is by looking at the dollar action on the announcements. That is the largest, most liquid market in the world and tells the story clearly. Everything else is likely propaganda, bias or just noise. 

I haven't heard him say much in the press conference that would goose the market. It's an election year - they can't be that obvious. The market is seeing the coordinated easing in the written statements. 

Both Janet and JPOW did as expected and used the backdoor to a coordinated ease. Maybe a squeeze but it makes sense - the money printer just kicked from Turbo into ludicrous mode. They just did it in a way that's not completely obvious. 

More sneaky stimulus. Monetizing the debt (very very quietly and with no fanfare...in paragraph 2)

Buckle up!

My guess is sneaky dove clues will be dropped. 

IBIT up a quick 1.5% since Fed surprise easing.