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Pascal
02-28-2013, 11:40 AM
We are in a range day today, quietly waiting for an official political agreement to do nothing, so that the market can slowly walk higher on a POMO support.
Pascal
17479
Billy
02-28-2013, 11:58 AM
Nothing exceptional to expect from today's POMO size compared to yesterday's very large one.
17481
Much will depend on the new schedule to be released at 2:00 pm. http://www.newyorkfed.org/markets/tot_operation_schedule.html
17480
Small caps IWM's RS trend is still negative. That's the line to watch after 2:00 pm.
Billy
Billy
02-28-2013, 02:36 PM
Very small POMO sizes tomorrow and Monday.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
IWM is hesitating at key pivot confluence/resistance. Porosity is hard to gauge in the current political stress and end-of-month window dressing.
17482
17483
Billy
Pascal
02-28-2013, 04:08 PM
Impressive close! If you did not have a short position before that, it would have been impossible to get the swift last minute down move.
Pascal
17484
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