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Quick Post FOMC Update

Quick Post FOMC Update

by The MoleFebruary 18, 2015

Every month we have to endure thy holy entrails reading courtesy of the Federated Oracle Market Cult. It’s a completely wasted session and I wish they would just get it over with and announce that the procedure was a total success but that the patient had died a long time ago. But alas – this is not ZeroEdge and if smoke and mirrors is what we’ll live by that’s just fine by me. I just work here and after me the flood as they say – yes, I’m a capitalist prick (not really but I hate therapists and it’s a fun persona if you’re running a financial blog).


Many of the morning setups didn’t move and the forex side was rather disappointing. So let’s focus on the productive ones. I posted about the NQ earlier but the spoos is where I want to be long now with a stop below the hour SMA.


ZT – 2-year note futures – that’s some massive candle boner™ action here and we can count another perfect entry notch. I’m holding this sucker as it just managed to bust through the 100-day SMA and a daily NLBL. Let’s see if we can run this puppy higher.


ZB – 30-year bond futures – not as ambitious as the ZT but I’m grabbing 1/4R here right now.


Silver – I’m also grabbing 1/2R here with a stop below today’s lows.

That’s it – I’m not grabbing any other positions here for the day. I want the tape to work itself through the obligatory follow up rumors and mental masturbations before I dip into any new setups.


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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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