Top Tweets Today: 08/09/2015

The countdown has begun to the Fed Open Market Committee meeting due to be held on the 16th September with much anticipation on how the Fed is going to deal with the current situation in the market. One does feel that rate hikes may have been put off for the time being given the waves of fear slipping into the market however there have been some who hold the middle ground and suggest hiking rates now wouldn't be such a bad thing but only by a smaller denomination basis points. The idea is to quash the markets uncertainty around rates hikes but at the same time not hurt the US consumer to hard.

Recent Fed comments (via Torsten Sløk of Deutsche Bank) pic.twitter.com/AZmZKTOYmx

— Barry Ritholtz (@ritholtz) September 8, 2015

So I found this chart on StockTwits interesting. There's been much talk around how the dips we seeing in the market are some of the worst in 4 years, so it makes sense to take the market performance from 4 years ago and overlay the current year to dates performance to assess the possibilities.

The chart you HAVE TO see: S&P 500 today (blue line) vs. S&P 500 in 2011 (yellow line) http://t.co/xoUX8pQn2g $SPY pic.twitter.com/xBjI2qtSAO

— StockTwits (@StockTwits) September 8, 2015

US markets are finally open after Labour Day yesterday so I thought it would be proper to present a technical stance of where the market stands at the moment. This daily graph of the S&P 500 from South African chartist Shaun Murison really sums it up. The expected bounce has materialised and initially began its descent until a brief rally towards the end of last week. We can assume that the the consolidatory phase we've entered here could be on account of some major economic data set to be released this week. What we do know is that price could go either way so keep a lookout from any breaks.  

Markets in consolidation....S&P Daily pic.twitter.com/pbwkSHFHWO

— Shaun Murison (@ShaunMurison) September 8, 2015

This quote sums up the trading psychological equation so perfectly. I think when any person starts to trade for the first time their feelings will always get mixed up in between trades and skew the results somewhat until they can learn to keep them out. I've yet to find a trader who can take robotic decisions without feeling lucky or regret. Its a process whereby you actively deal with your emotions and the longer you work at it the better you become at dealing with them.

pic.twitter.com/oEQJ0885ca

— Mateusz M (@themateuszm) September 8, 2015