Comments on: Powell’s Comments & The Impact on Various Asset Classes https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/ Stock Trading, Investing & Market Analysis Thu, 29 Nov 2018 06:01:56 +0000 hourly 1 https://wordpress.org/?v=7.1 By: Casey https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5237 Thu, 29 Nov 2018 06:01:56 +0000 https://rightsideofthechart.com/?p=188880#comment-5237 In reply to evyAL1972.

Powell did not say he was going to skip Dec. what he said was that they, the Fed, are close to neutral. Based on his previous statements that they were a long way from neutral. This was seen as more dovish. And the gest of the whole speech was that decisions would be made based on data. My take was he said we have no idea what we are doing but we are going to try to figure it out while we go slower with the rate hikes.

]]> By: fricardo8 https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5229 Wed, 28 Nov 2018 23:23:56 +0000 https://rightsideofthechart.com/?p=188880#comment-5229 Thanks Randy. Your note over the weekend, warning this could happen was GOLD. Cheers.

]]> By: Kostner https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5227 Wed, 28 Nov 2018 21:46:13 +0000 https://rightsideofthechart.com/?p=188880#comment-5227 Thanks Randy!

]]> By: burns https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5226 Wed, 28 Nov 2018 21:40:00 +0000 https://rightsideofthechart.com/?p=188880#comment-5226 Randy i am fairly new to the board but if you are calling for a reversal near here and you get it i would be impressed , I think if the president doesnt tweet on China or Europe car tarrifs it goes higher, Closed at top of candle with 126% of 50 day average volume , without bad news ( China , car tarrifs) i think it goes higher and may rally all the way to Santa , Just my opinion

]]> By: Tac https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5225 Wed, 28 Nov 2018 21:39:49 +0000 https://rightsideofthechart.com/?p=188880#comment-5225 Would like to know what you think randy, but if you go from the high 292, to the bounce high 280-281, would that be a longer term down trend line, in which would act as resistance and we are at or just below? I’m not a good chart reader by any means but more so asking a question. Could this not be a lower high? Or is the technical damage done, and disregarded?

]]> By: evyAL1972 https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5224 Wed, 28 Nov 2018 21:37:44 +0000 https://rightsideofthechart.com/?p=188880#comment-5224 In reply to evyAL1972.

yep . read it wrong and I am in agreeance . I don’t think the market can stand the rates as they stand today .

]]> By: evyAL1972 https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5223 Wed, 28 Nov 2018 21:34:00 +0000 https://rightsideofthechart.com/?p=188880#comment-5223 Thanks Randy , but where in Powell’s speech did he explicitly imply Dec. rate hike was off the table or am i reading your post wrong ?

]]> By: Flanny3 https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5222 Wed, 28 Nov 2018 21:33:51 +0000 https://rightsideofthechart.com/?p=188880#comment-5222 thank u. any chance we backtest the initial breakdown at 2870ish levels?

]]> By: toby https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5221 Wed, 28 Nov 2018 21:31:04 +0000 https://rightsideofthechart.com/?p=188880#comment-5221 Thanks as always Randy,

]]> By: Robert_Matthews https://rightsideofthechart.com/powells-comments-the-impact-on-various-asset-classes/#comment-5220 Wed, 28 Nov 2018 21:29:53 +0000 https://rightsideofthechart.com/?p=188880#comment-5220 Great post, thanks so much for all your hard work Randy!

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