The bulls clearly liked what the Fed had to say today but I always take the initial reaction with a grain of salt. Let’s see if the market holds on to today’s gains tomorrow to decide if this post-decision move was for real. All of the major indices are sitting near recent resistance so I’ll [...]
Posted by 30 January 2007
Watchlist for January 30, 2007
I just couldn’t bring myself to do a recap last night since it was basically a repeat of Friday. It appears that the market’s marking time ahead of the Fed non-decision tomorrow. I’m also going to mark time by not trading until Thursday. My next recap will be tomorrow night. We’ll see what the charts [...]
Posted by 29 January 2007
Watchlist for January 29, 2007
Posted by 28 January 2007
Jan. 26, 2007 Recap
I’m really going to have to consider taking Friday’s off again. It seems like the vast majority of Fridays are lackluster just like last Friday. The indices just chopped around and closed near unchanged on lower volume. It is interesting to note that after a few weeks of either the S&P or Nasdaq outperforming the [...]
Posted by 26 January 2007
