To gain an edge, this is what you need to know now.

Positive Scenario

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • In the Morning Capsule we wrote,

Further in our analysis, if the Fed increases by 25 basis points, the stock market may rally as the overhang of a 50 basis point increase will lift.

  • There is a new data point that strengthens the foregoing highest probability positive scenario.
  • The new data is that demand by foreigners was at a record high at $50B 3-year Treasury note auction.