by Miles White
Remember to Know When to Stop
I think the Fomc and the latest head Yellen know nothing and their influence and power are waning long term. Same old blah blah blah, Nasdaq futures market collapses below 3870 if she squawks poorly and we are oversold and due for a bounce above 4000 post testifying. Conditional orders for either reaction. Buy higher or sell below only after she speaks currently. 3955 as euro session begins.
Most peeps who know me personally also know I’m an unabashed racing junky. On this one day of the year where horse racing takes center stage in the national consciousness, I tend to get a ton of calls, texts, and emails regarding “Whodda ya like today?’ So, here is my take.