Immediately after 2:00 pm ET, when FOMC minutes were released, our algorithms detected a vicious short squeeze in stocks, bonds and gold. The short squeeze has persisted through the evening and into this morning.
A careful study of the FOMC minutes show that the FED fears its own shadow; for the first time since 2008 our analysis is that the FED is lost. Only time will tell if this is the result of leadership passing on from an extremely intelligent and resolute Bernanke to Yellen.
Our algorithms have seen no buying by Smart Money in stocks, bonds or gold.