Theories on how markets react after FOMC meeting tomorrow?

Bugsy said:
Democrats want a $3 trillion stimulus bill with $1.5(?) trillion of it going to social justice projects, museums, and other non Coronavirus related aspects. Republicans have $1.5(?) trillion bill and are not signing off on all of the extra bloat. Republicans tried to do a skinny emergency fund of like $500(?) Billion but Democrats refuse to come to the table.

It's all political. Elections in 1 1/2 months and Democrats are not about to give Trump a win. If businesses and people are hurting, and the markets are hurting, they can point and blame Trump. I mean, you're destroying America and real people's jobs/ small businesses but yay party politics ftw. Problem for them is everybody knows its them holding up the bill and instigating the riots, as well as their actual base committing all the violence and damage in the riots.

At this point it makes no sense to stall the stimulus. Its actually the one ray of light they could have.
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After the CARES plundering rammed through w/o oversight, I'm glad they're playing hardball.
 
SunTrader said:
Hard?

Hardly. Dow up slightly for day, S&P down a measly -0.5% and Naz was already down from early am well before Mr FedHead spoke in the pm.
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Nonetheless here are my thoughts on why the big three dropped and/or stalled today (per following Dow/S&P/Naz charts). Better delete those red resistance lines in the way quick otherwise uptrend is over ;) :D:-
INDU fed day.png
SPX fed day.png
NAz fed day.png
 
Fackin' a Chumpie sez that. His azz is on line back in NY if he doesn't win another 4:

Separately, White House Chief of Staff Meadows, who is a lead negotiator in the coronavirus relief talks, sounded uncharacteristically optimistic in a CNBC interview regarding the prospects for another round of fiscal stimulus. President Trump tweeted that Republicans should "go for the much higher numbers" on stimulus.
 
SunTrader said:
Hard?

Hardly. Dow up slightly for day, S&P down a measly -0.5% and Naz was already down from early am well before Mr FedHead spoke in the pm.
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Sorry, I focus mainly on the NASDAQ.

nasdaqpowellfall.JPG


And it was 10 minutes after speech started I guess, sorry I missed it by 5 minutes. The thin red line is the previous close. So you can see, where it was above the red line, the market was "up". It was up and down through the day until the 2PM hour.

11222-11050. That's 172 points down after Powell's message. That's a hard fall in 90 minutes.
 
SunTrader said:
Fackin' a Chumpie sez that. His azz is on line back in NY if he doesn't win another 4:

Separately, White House Chief of Staff Meadows, who is a lead negotiator in the coronavirus relief talks, sounded uncharacteristically optimistic in a CNBC interview regarding the prospects for another round of fiscal stimulus. President Trump tweeted that Republicans should "go for the much higher numbers" on stimulus.
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What is another 3 trillion anyway?
 
Overnight said:
Sorry, I focus mainly on the NASDAQ.

View attachment 239514

And it was 10 minutes after speech started I guess, sorry I missed it by 5 minutes. The thin red line is the previous close. So you can see, where it was above the red line, the market was "up". It was up and down through the day until the 2PM hour.

11222-11050. That's 172 points down after Powell's message. That's a hard fall in 90 minutes.
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I focus on futures whatever the market intraday (although for daily bars look at the indexes themselves), and NQU20 topped at 652am @ 11550 dropped to 11322 before a quick retracement around fed time @ 11444 then a resumption of downtrend into close.

Semantics I guess as far as hard or not but it certainly was dropping long before Powell spoke and I believe because of resistance above.
 
If we fail a rally by Friday we shall see 3200 S&P, if we rally by Friday then we shall see a 3200 S&P later. If we cannot hold there we shall see 3000 S&P. Why? Election time, no matter what happens, it will be fucking ugly!
 
ES and NQ usually tank until Monday early AM after the FOMC, even in good weather. Thurs & Fri down and Sunday & early Monday until someone somewhere pulls something out of their ass. The market's spooked anyway.

What non-inverse ETF would you buy next week?
 
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