Playing the I fund

[fabijo]

The Mrs. would like to see the internationals take the hammer for one more day, drive out the weak hands.

Your wife is brutal!

 

[Birchtree]

She likes to leverage down and get those lower prices - she's wonderful.

 

[nnuut]

Dollar is tanking this morning due to GB increasing their short term interest rates. That should make you "I" funders happer!!!

 

[Griffin]

The ECB hiked rates on the euro but suprisingly, it's the pound that is really gaining strength against the dollar, which should help to offset the red in the FTSE, little help from the brits. With most of the EU in moderate green and the euro gaining strength and japan in more substantial red with the yen weakening, the I fund looks like it's going to end up having a slightly positive day.

350z is probably crunching the numbers right now.

ATCJeff - I agree with 350z on the dollar index, why 87? I see it ranging from 83 - 85 in the near term, and maybe another big move down within a month.

View attachment 1286

 

[350zCommTech]

The ECB hiked rates on the euro but suprisingly, it's the pound that is really gaining strength against the dollar

The ECB held rates steady, but the BOE surprisingly lifted rates.

 

[Griffin]

The ECB held rates steady, but the BOE surprisingly lifted rates.

You are absolutely correct, I read england but my mind heard europe, :blink: I think I'll go get a cup of coffee. Thanks.

 

[nnuut]

Looks like the Dollar has rebounded? That was quick!!

 

[FUTURESTRADER]

The ECB hiked rates on the euro but suprisingly, it's the pound that is really gaining strength against the dollar, which should help to offset the red in the FTSE, little help from the brits. With most of the EU in moderate green and the euro gaining strength and japan in more substantial red with the yen weakening, the I fund looks like it's going to end up having a slightly positive day.

350z is probably crunching the numbers right now.

ATCJeff - I agree with 350z on the dollar index, why 87? I see it ranging from 83 - 85 in the near term, and maybe another big move down within a month.

View attachment 1286

yep..gotta get thru 85.5 strong resistance first

 

[fedgolfer]

Early estimate & 350, gimmie sum luv! Just a little is all i'm askin'.

 

[350zCommTech]

Early estimate: up .248% or 5 cents.


As S&S would say, I think it's a no brainer today.

 

[sugarandspice]

Early estimate: up .248% or 5 cents.


As S&S would say, I think it's a no brainer today.

Man that's creepy! I was just coming here to say that exact thing. Probably creepier for you knowing you are thinking like me.

 

[350zCommTech]

Man that's creepy! I was just coming here to say that exact thing.

I know, and I wanted to beat you to it.

 

[350zCommTech]

Since the ECB held rates steady, the run-up this morning might be a European drivin rally. I don't expect a sell-off in the afternoon but it will be interesting to see if the USM can hold. The dollar is definitely holding back the I fund today. The modest bounce back in oil will help the Asians tonight. And with the USM up this nicely at the moment, there's also the possibility of a -FV if the USM sell-off in the afternoon.

 

[ATCJeff]

Griffin,

I see the dollar retesting the highs made in mid June/July/Oct. Which was about 87.

Jeff

 

[Warrenlm]

Please pardon the uneducated question, but does "no brainer today" mean buy into the I fund today or stay away from the I fund today?

 

[350zCommTech]

Please pardon the uneducated question, but does "no brainer today" mean buy into the I fund today or stay away from the I fund today?

Today, it means buy.

 

[fedgolfer]

for the FV steal scenario to play out, the US indices will have to sell off approx .50% after noon EST. 350z & Sugar, what has you so sure the USMs will sell off? looking at the 5day intraday charts, we're seeing breakouts after a several days of a rounding bottom. Additionally, we're seeing positive divergence in the fast stochastics and the VIX is falling below the 50 and 20 day MAs and also below the PSAR into the lower half of the bollinger bands, all bullish signals, that to me, looks like we're in the middle of a short term bull run in the USMs.

 

[sugarandspice]

When I use the term "no-brainer" it means to move into the I fund. It looks like the strength of U.S. markets will carryover to the Internationals.

As for the FV, I am not expecting that to happen and am not basing the "no-brainer" comment on one happening.

 

[FUTURESTRADER]

Damn, Fed..you've been doing your homework.

S&S..thanks for the clarification

 

[350zCommTech]

for the FV steal scenario to play out, the US indices will have to sell off approx .50% after noon EST. 350z & Sugar, what has you so sure the USMs will sell off? looking at the 5day intraday charts, we're seeing breakouts after a several days of a rounding bottom. Additionally, we're seeing positive divergence in the fast stochastics and the VIX is falling below the 50 and 20 day MAs and also below the PSAR into the lower half of the bollinger bands, all bullish signals, that to me, looks like we're in the middle of a short term bull run in the USMs.

I never said I was sure the USM will sell-off in the afternoon. I just said there was a possibility.