Fed holds steady, despite turbulence from current events

Recent current events have caused investors to pull back some, but the Fed met and decided to stay the course. 

Federal Reserve holds benchmark rate steady, but what do the technicals say? Here is the daily chart showing how the March US 30 Year Bond Futures has been rising all month. I use a 5-day and 21-day commodity channel index.The March ZB is overbought. I expect a swing high in the next day or two. There is an old adage that says, "buy on the rumor and sell on the news” This market is likely to be bearish for next week.

chart from

Many profits and much success,


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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.