Wednesday 17 December 2014

2pm update - time for Aunt Janet

The final FOMC announcement is due... with a press conf' from Yellen around 2.15/30pm. US equities look to have secured a key floor of sp'1972... with VIX 23s. Oil looks similarly to have put in a floor in the $53s... now headed for the low 70s by spring 2015.


sp'60min


R2K, daily


Summary

... suffice to say... lets get this last Fed press release of the year done with.
--

*golden cross due on the R2K... tomorrow or Friday. The mainstream media will probably get around to noticing that sometime next week.

2.02pm... CONSIDERABLEEEEEEEEEEEEEEEEEEEEEEEEEEE

Market soaring....


2.06pm... There is no doubt now...

Bulls get an early xmas present with the FOMC keeping the word 'considerable' in the policy statement.

Equities are choppy... but we now look set for a broad run to the 2100s... if not a straight run to 2300s in the spring.


2.28pm... Market looks strong... micro pull backs are ALL being bought, esp' in energy.