Tomorrow @ 2pm,, do you think that the FED will raise rates or imply that they will be quick to raise rates sooner than expected? I think not. I think that whatever they say will kick those traders out of the bullish dollar and make the dollar pullback. Then, like a rubber band, snap the SP500 back up, and (crossing my fingers) snap GILD up as well. I don't know.
That is my opinion of the FED and the markets tomorrow, but I could be wrong. What do you think? What brought you to look at GILD?
On an hourly chart, it seems to be following that green positive sloping trend line; that is, making one lower low and one higher high. But, if it dips down to that buy zone, I am willing to catch it, but if the FED is going to raise raise...then crap! !! I will be reluctant to squeeze the trigger. All I have left will be this technical set-up on GILD that looks good because of the small risk-to-reward ratio and close support; however, maybe if wouldn't be a bad idea to try it anyway regardless of what they say, huh?
I don't listen to the news, so i really have no clue what the fed is gonna do. i don't know what is their criteria of raising rates or not. I see no point in listening to the fed..whatever they do, the market will react and the price will show. MOst of the time, heck at all times, news are just a bunch of noise. I try to avoid it.
Gild was in my watchlist. and i was just going through them.
I use news to predict momentum/volatility and I think it's a good idea to watch an economic calendar and understand more or less what the fundamentals say.
Technicals are first for me, but fundamental analysis and knowledge is important as well.
For 24hr/7days per week FOREX market, IvanLabrle, you need to understand the daily fundamental effects on currencies and have a global perspective to make mid-term projections (if you are not a day trader). I use to trade currencies, but I just like looking at the 9:30 am-4 pm US stock market and how world-wide events affect it. The hours are nice too, and I am forced to stop because I love the markets too much.
IvanLabrle, you seem to be BUYING the dollar and selling the EURO. Since you like merging the economic fundamentals with your forecasts as much as I do ("Putting a face or personality with the charts"), then what do a lot of FOREX traders think about the FED for 2pm on March 15, 2015 (tomorrow)? Raise or not raise rates?
Then, you have to determine which currency pair EUR/USD or USD/JPY to trade the best that day. For that reason, despite less liquidity than the FOREX, this is why I trade US Stocks. I can buy DISNEY, COCA-COLA or Alibaba instead of exchanging dollars for another currency. It is more fun and easier to forecast one years out from today.