Overnight Fed Action?

by Larry Levin

Although Charles Biederman has no solid proof, and how could he if nobody is allowed to audit the Fed, he believes the Fed is buying futures to support the market. It's interesting; have a look.

http://www.businessinsider.com/trimtabs-ceo-the-government-must-be-buying-shares-because-private-demand-just-isnt-there-2010-1

Trade well and follow the trend, not the so-called "experts."



Previous Day's Trading Room Results:

Trade Date: 1/8/10

E-Mini S&P Trades*
(before fees and commissions):


1) No "Secrets" trades today.

2) Algorithm positions (4)

3) "Reading the Tape" positions (0) ...combined Secret's, Algo, & "Reading the Tape" total...-0.25



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