fed meeting today, fed will just keep saying that they will backstop the markets

jys78 said:
Does it even need to be said at this point?
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Of course it does. Its worth repeating every step of the way..it needs to be continually known that the fed is 999999% backstopping every tiny micro ounce of gains in this market.
 
Market today appears to be "front-running the Fed".

If they say positive things about economy or anything else.... YEAH! Something is getting better!

If they say reference anything negative... then YEAH, more Fed stimulus!

It's a "can't lose market"... unless you sell or short something.

:(
 
When you've thrown Trillion at it, I guess you've just got to keep throwing Trillions at it for ever or until country goes bankrupt.

I was down slightly, Long NQ +35pts into the close 5:15ET close, Fed always buy into the close, never fails. :)
 
Overnight said:
That is simply not true.
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Technically after the close before the 15min break, not always, but often enough to get me out of the red :)

This week anyway!!

Depends on if the Fed is trying to push up or not on the day I guess.
 
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