The Fed Has Tourettes, So Get Used To It

breaking bad 300x221 The Fed Has Tourettes, So Get Used To It

The problem with the Fed is that it says one thing, then all the little Indian chiefs (various fed governors) get to opine. Ben said no taper, then an FOMC governor with a microphone comes out and says, “but maybe we’ll take a crack at it next month”.  Its a collective blurting of sound bytes and it moves markets.  Get used to it, they are completely clueless and couldn’t be less on the same page.  So cool that a dozen academics get to control the fate of world markets. Booyah.

The clowns in Congress get to muck it up next week, so be prepared for “breaking freaking news” every five freaking minutes. All your favorite ex lawyers and poly sci majors get to dictate policy and tell you whats good for you.

Here’s what I’m looking at next week.

$MELI– You can buy 133 level with volume,nice base, nice pattern

meli5 The Fed Has Tourettes, So Get Used To It

$VRX- Tried to breakout Friday but failed. Great bullish channel on this one. Over 107 get you 110-111 then higher.

vrx2 The Fed Has Tourettes, So Get Used To It

$THRX – A big breakout may be setting up on this one . Buy through Fridays high or the 43 level.

thrx The Fed Has Tourettes, So Get Used To It

Have a good weekend and come by for a free trial here.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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  • Joe Donohue

    Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »

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