Change or No Change :: US Key Interest Rates

Tonight is another such night where everyone is assuming that where FED Chairman, Ben Bernanke , come out of meeting and shout “No Change” but I have this gut feeling that tonight could be the night where they pull up their socks… err I mean their Interest Rates

 

Let’s see another 4 hours to go for the Interest Rates Decision and then Consumer Confidence number after 1 Hour of Interest Rates Decision

My prediction: They Hike their rates… Gold/Silver should be dumped along with all currency pairs and USD should rally. US Equities should make a double top here and go back below their 50% retracement levels by this Thursday 18th.

Big expectations.. lets see how it goes.

 

US Numbers evening…

Another important evening with respect to US Data in another 1 hour

 

	Previous	Expectations
Trade Balance	-40.20B	-41.00B
Initial Jobless Claims	469.00K	455.00K
Natural Gas Storage	-116.00B

 

Looking at various charts USD, US 10Y Bond, Gold, Silver, Dow, S&P... I am predicting & expecting numbers to leave negative sentiment atleast to start with. Lets see how numbers are...

 

Update… Numbers were bad not not too bad… still here is what happened

USD Down
Bond Rally
Gold rebound
Silver rebound
Dow , S&P Down

Gold & Silver are the biggest stars

Expecting better than expectations – US NFP Numbers

Current waves in DJI, SPX and even in NASDAQ suggest atleast 5-6% cut from the highs.
DOW & JONES

Upside Target: 10635, Downside Target: 10040

 

S&P 500

Upside Target: 1138, Downside Target: 1075

NASDAQ

Upside Target: 2318 , Downside Target: 2200

 

Nifty : Upside Target: 5190 , Downside Target: 4835

Trade Update… US Down 1.5%

Related Blogs:
http://dhanvarshagrp.blogspot.com/2010/02/gains-only-gains-in-4800ce.html
http://dhanvarshagrp.blogspot.com/2010/02/warning-danger-ahead.html
http://dhanvarshagrp.blogspot.com/2010/02/us-market-is-looking-for-another-3-4.html
I warned you in the last India session , while we were still open to book 100% out of 4800CE and buy 4700PE.. I also suggested that US markets are going for a 3% cut first and then even further…
Watch us markets where they opened…


Hope you picked the 4700PE… as Nifty is going below 4500 this time… you going to get lots of Dhanvarsha… enjoy!!!

US market is looking for another 3-4% correction.. may be on Friday

Here is my prediction… that we might see another 3-4% cut in both DOW JONES as well as S&P 500 Index
Next week should be a good one for bears.. watch out you bulls.

When is this correction going to end… maybe within February

 

Look at this interesting chart of two totally different countries India & US… they both have a wave pattern and both are looking for completing the wave on the exact same date which happen to be 23rd February. So I expect this correction to complete by the end of February but expect some very ruthless shorting to complete the overall correction.

 

I would continue to ride shorts unless market touch down to those target lines… falling down.

I have my positional Nifty & DOW short call running from levels of 5275 & 10680 respectively..

 

-Member Dhanvarsha Group