Overheard on StockTwits: Fedtweet

• justin
• September 24th, 2009

The first move is usually the fake move and while it took a little more than 10 minutes this time, he had the right trading plan before the Fed

Somewhat cynical observation on the Fed but one that seems to be correct on the Fed ever since Greenspan.

The initial reactions were rally on the news, which we definitely did, however @jarsch didn’t buy it and turned out being spot-on.

@alaidi was on of the first to notice that the status quo on the dollar was down, post-Fed announcement and gave the first allusion to the rally we saw in the greenback later in the day here.

Hilarious

Bond rallied immediately following the Fed move but later in the day stabilized and started to sell off a little bit.  Great comment by a smart guy.

This was the sentiment of the majority of the market at the time.

The futures stream played the Fed announcement like a fiddle.  These are two great tweets by @panamaorange, a great futures trader, observing the herdish behavior of the so-called “smart money” yesterday.

If you are not following @thinkingtrades you’re missing out.  Was a bull all the way up and kicked his longs to the curb right before the 160 pt reversal yesterday.  Awesome follow.

The big question is whether this reversal is what the bears needed to get the momentum going in their direction.  I think we need a bad employment number today to really scare the dip-buyers (who will probably be out in force today).

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