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, Investment Framework, Trading
Duration
12 minutes
Asset class
Bonds/Rates/Credit, Currencies, Equities
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!