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2015/08/20

[TA DAILY] Leaky

Financial information is as leaky as a busted pipe: when it blows, the leaks pour out 

 
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Larry's Morning Commentary

Leaky
 
 

Financial information is as leaky as a busted pipe: when it blows, the leaks pour out before you'd expect it.  Federal Reserve Chair, Janet Yellen, has been nailed for leaking confidential information when she was a regular member of the Fed. Timothy Geitner, tax cheating Timmy, was also been nailed for leaking confidential information when he was the former Treasury Secretary.

Have either been prosecuted?  Wait.. was that a joke?  They're ABOVE the law right?  Yes, correct – banksters and their cronies that supply "informed" information are above the law.

Well folks, that hasn't ended.

The following leak will neither be questioned, nor prosecuted.  Today's FOMC Minutes data were released by Bloomberg 30-min before it was supposed to be released.  The following should have hit the wires at 14:00pm ET.  Oops!

  • 13:42 08/19  FOMC MINUTES: SEPT SEP WONT INCLUDE GRAPH OF PREFER LIFTOFF YR
  • 13:42 08/19  FOMC MINUTES: SEPT SEP WILL INCLUDE MEDIANS FOR ALL VARIABLES 
  • 13:42 08/19  FOMC MINUTES: REVIEW OF LONG RUN MON POL FRAMEWORK TO TAKE YRS 
  • 13:42 08/19  FOMC MINUTES: SOME PARTIC NOT YET SEEN EVID INFL MOVING TO 2%
     
  • 13:42 08/19  FOMC MINUTES: SEVERAL PARTICIPANTS EXPRESS CONCERN ON CHINA
     
  • 13:42 08/19  FOMC MINUTES: SOME LANG REFLECTS FURTHER PROGRESS TOWARDS GOAL
     
  • 13:42 08/19  FOMC MINUTES: MANY PARTICIP SAW SCOPE FOR MORE LBR MKT GAINS
     
  • 13:42 08/19  FOMC MINUTES: SOME PART SAID COND HAD BEEN MET, WLD BE SHORTLY
  • 13:42 08/19  FOMC MINUTES: MOST PARTICIPANTS SAY COND NOT MET; APPROACHING
  • 13:42 08/19  FOMC MINUTES: MEMB 'GENERALLY AGREED' MORE INFO NEEDED TO HIKE
  • 13:42 08/19  FOMC MINUTES: ONE MEMBER INDICATED READY TO RAISE RATES IN JUL
  • 13:42 08/19  FOMC MINUTES: NO TIP TOWARDS SEPT LIFTOFF, DOESN'T RULE IT OUT

As you can see, all of the prior headlines hit the tape WELL BEFORE the 2pm ET time zone, when the so-called embargo time was supposed to end.  And that is just more farcical nonsense in a globally rigged market.

 

Trade well and follow the trend, not the perma-bull OR perma-bear "experts."

Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia.

 
 
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It was an extremely volatile session both before and after the FOMC announcement yesterday. The DJI had multiple 100+ point swings throughout the session. As the streets were looking for clues about a possible rate hike, we were basically told the same thing. It remains data dependent, and that we are close, yet still far...

 
 
 
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TECHNICAL DATA
ES 2082.00 / 2072.25
POC

2076.50

YM

17,383 / 17,289

NQ

4524.75 / 4500.75

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We do a lot of trades based on mean regression of implied volatility. It is the cornerstone of our teaching method. But we have highlighted directional plays as a very effective trading tool in our room. Heck, we even had a whole webinar last night about this. Not only is it an effective trading method, it's leverage can be orders...

 
 
 
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Watch how our instructors call out live signals, answer questions, provide detailed commentary and compare notes with fellow students. Our live classrooms offer training on all markets - where you can watch the exact techniques our top instructors use with simple, yet complete explanations of every move they make in real time.

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