Thursday, September 10, 2015

Waiting on the FED....09.10.15

Looking at the daily charts suggests the HFT machines have pretty much taken over the markets while actual investors while for the FED's decision on the 17th....which according to the latest Fed Fund numbers...have a probability of 22%......a number which is worth absolutely nothing as far as traders go. While European markets were down the US markets were up...a complete reversal of yesterday's dichotomy....go figure.  Technically the charts are a mess and any momentum is likely to be very selective and short term.