Wednesday, June 4, 2014

Quick Recap

            I don't see much available upside room on the daily bars coming into Draghi and NFP.  There will be no QE out of Draghi tomorrow coupled with a 2.5BLN POMO. That leaves us NFP which won't really matter either way unless its a huge miss or huge beat; there is no POMO scheduled for NFP Friday; again. Interesting. Makes me think that NFP will be in-line/beat as the FED must know what the data is ahead of time when making the POMO schedule.

IWM-short
QQQ- neutral/ready to get short

GC- No idea what this thing is going to do short term; technical indicators are at extreme low levels on daily and weekly; so any big dip from here should most certainly be bought.

Thu, Jun 5, 2014Fri, Jun 6, 2014Outright Treasury Coupon Purchases08/15/2021 - 05/15/2024$2.25 - $2.75 billion
Mon, Jun 9, 2014Tue, Jun 10, 2014Outright Treasury Coupon Purchases02/15/2036 - 05/15/2044$0.85 - $1.10 billion

6/4/14:





6/3/14:
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