Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Any statement from the Fed is her opening her trap, but I believe you are correct...there is not a press conference after the release this month.

The lack of a rate hike should be a given (Fed futures are at close to zero percent this month), BUT...there's several things within the release that will be looked at and impact markets:

1) Future rate hike projections. Do they slow down, do they increase, do they stay on course.

2) The bigger thing is regarding the unwinding of the balance sheet. This is the x-factor that literally no one knows or can predict the impact...as it's never happened before in the history of the free world. Do they state they will begin soon/give a specific time or do they state "at a time that is appropriate" which basically dodges the question.

There's a variety of combinations that could occur to the above, so we'll just have to see what they are and how the market reacts. I will be shocked if we don't have at least the typical 30 minutes of massive volatility that follows a Fed release...