Fed Meeting Offers Few Clues For Traders

Featuring Dave Floyd

Dave Floyd of Aspen Trading presents a timely update directly after the Fed announcement, pointing out levels at which to re-assess the bear case on the S&P, noting possible wave trends in treasury bonds, emphasizing the opportunities in the gold market, and discussing a number of possible next moves for the dollar, with trades to accompany all.

Published on
28 April, 2016
Topic
Technical Analysis, Trading, Investment Framework
Duration
12 minutes
Asset class
Equities, Bonds/Rates/Credit, Currencies
Rating
12

Comments

  • DF

    Dave F.

    6 5 2016 18:22

    0       0

    ....trading is as much art as it is science/process....new RVTV video due to be posted on Wednesday

  • DF

    Dave F.

    6 5 2016 18:21

    1       0

    .....in the week to clients, Twitter, Aspen Blog, a break of a support/resistance level does not always create a binary outcome - thus the 93.92 break merely turned me 'neutral' but now bullish....

  • DF

    Dave F.

    6 5 2016 18:20

    0       0

    Post NFP Update: DXC strength appears real - way too much bearishness earlier in week - many caught short 'dollar' on mid-week break. I/clients started buying USD today. As I noted earlier.....

  • FC

    FRED C.

    4 5 2016 21:18

    0       0

    dave, ...looks like tlt bottoms before 124and is back up my trade per rp and your dollar thesis , new low and has since rebounded and hopefully continues again with rp. might want to check waves;)

  • JM

    James M.

    3 5 2016 16:40

    0       0

    Dave do you think with strength in the USD we should see a break lower in the commodity rally and EM? If so, Don't you think that TLT moves higher risk off trade?

  • ii

    ida i.

    1 5 2016 15:20

    2       0

    What is strange is not that he is bullish gold and dollar, but that he is bullish gold and bearish CHF. I don't think that has ever happened....

  • TB

    Tyler B.

    29 4 2016 05:41

    2       0

    It looks like to me the dollar is breaking down. I think most people are expecting a dollar rally but I am not buying it anymore. Everyone is on the wrong side of the trade.

  • AD

    Anthony D.

    29 4 2016 03:17

    3       0

    Good succinct presentation. Love the way he dissects the trades into their components

  • CD

    Charles D.

    29 4 2016 02:01

    1       0

    Great...short and sweet...TLT & GLD...thanks Dave.

  • TS

    Thomas S.

    29 4 2016 01:14

    2       0

    Interesting that he thinks the dollar and gold with both go higher. Many people believe this can't happen, but there are a few times in history that it has.

  • MS

    Mark S.

    28 4 2016 22:31

    5       0

    Excellent as always.

  • RA

    Robert A.

    28 4 2016 22:18

    1       0

    Always a nice bang for the Buck especially if his analysis happens to overlap with a position you are working.. Thanks to R & G again.

  • DH

    Dale H.

    28 4 2016 20:18

    2       0

    Thanks Dave, as always.

  • IH

    Iain H.

    28 4 2016 15:29

    3       0

    Thanks Dave. Very helpful to get professional thinking and ideas. Really enjoy you piece. Cheers

  • JM

    Justin M.

    28 4 2016 15:29

    2       0

    Dave,

    Re: the TLT and DX-Y levels breaking; do intraday breaks matter in EW? or will the close be of more importance. In other words, if we end up closing above: TLT $129, and DX-Y $93.92? Thanks

  • EL

    Elizabeth L.

    28 4 2016 15:26

    6       0

    Dave Floyd and Peter brandt are my two most important RV programs. Thanks Dave. Please continue to be a regular, more frequent the better.

  • DF

    Dave F.

    28 4 2016 14:32

    0       0

    Forest....you my stature/demeanor? Oh....the video content....right :)

    Appreciate the kind words!

  • FC

    Forest C.

    28 4 2016 14:16

    14       0

    Short, brief and compact. Always a pleasure to watch you on RV. Thanks Dave!

  • DF

    Dave F.

    28 4 2016 14:06

    0       0

    Thanks Klendathu

  • DF

    Dave F.

    28 4 2016 14:06

    4       0

    TLT has broken lower from the $129 resistance and DXC has broken the cited low/support at 93.92 - clarity and no clarity respectively...welcome to 2016 trading!

  • KC

    Klendathu C.

    28 4 2016 13:49

    3       0

    Always great to have experts do the technical analysis for us! Even better when it points to higher gold prices but let's not get ahead of ourselves. Thanks again Dave!