Federally Flip Flopping Thursday – Market Confusion Continues

Ball of confusion!

People moving out, people moving in. Why, because of the color of their skin.
Run, run, run but you sure can't hide. An eye for an eye, a tooth for a tooth.
Vote for me and I'll set you free. Rap on, brother, rap on.
Well, the only person talking about love thy brother is the preacher.
And it seems nobody's interested in learning but the teacher.
Segregation, determination, demonstration, integration, Aggravation, humiliation, obligation to our nation.
Ball of confusion. Oh yeah, that's what the world is today.

SPY 5 MINUTEAs relevant today as it was in 1970 and, apropos to the markets, it's by the Temptations…  We were tempted to go long off the negative reaction to the Fed Minutes yesterday as the market tanked on the MSM interpretation that tightening was right around the corner but, as I said to our Members in our Live Webinar (replay will be posted this afternoon) but the US indexes looked too dicey so we chose the Nikkei (/NKD) Futures.  As I commented back in our Chat Room at 3pm:

"We talked about fresh horses in the Webinar and now our lines are 17,450, 2,040, 4,325 and 1,100 so long the laggard once 2 are over and I like /NKD 16,700 too because the Dollar just popped back over 95 and it's not reflected yet." 

The Nikkei topped out at 16,850 for a $750 per contract gain and we already locked in over $300 on our other Futures trades during the live Webinar so it was another $1,000 profit to add to our streak for our 2016 Webinar winners.  We also still have a long play on Natural Gas (/NG) at the $2 line – expecting a nice run-up into inventories.  /NG is an expensive contract and only needs to make $2.025 for another $1,000 winner.   Remember – I can only tell you what the market is going to do and how to make money playing it – the rest is up to you! 


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