Disclaimer- The following is presented for entertainment purposes only. Do not attempt to trade using this data, and I recommend that you not trade futures at all.
Yet another day with no new entry signals. We continue to have a sell condition in Fed Funds Futures, and we rolled our Lean Hog position from April to June contracts. We also had a sell signal in Unleaded Gas, a position we were stopped out of last month.
The two days since the Fed hiked interest rates have been pretty interesting, with large swings. I’m still not convinced that the markets are behaving sanely, but I think something closer to a “market” rate of interest will be healthy for the economy. Since QE3, the markets have been rising on what would traditionally be viewed as “bad” news, such as a poor jobs report, as I think that investors are expecting the Fed to ease and bolster stock prices. A rise in interest rates will probably bring more sanity back to the market.