Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Fed Removes More Liquidity From The System...Market Tanks As Dollar Jumps On It  0 comments
    Sep 24, 2009 10:27 AM | about stocks: SPY, XOM, JPM, GS
    The markets are seeing initial follow through to the downside as the Federal Reserve announced they would be removing some more liquidity from the markets.  This has shot the dollar higher again.  Those that have followed us know that if the dollar strengthens, the markets will drop.  That is exactly what is happening.  The markets have not seen such selling in quite a while and it begs the question whether or not we are seeing a pivot to the downside of the major cycle.  This $105.50 level on the SPY is a good solid suppor level.  If that gets taken out, watch $105.00 and then $104.00 on the SPY.  Stay tuned for future market analysis.


    Stocks: SPY, XOM, JPM, GS
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.