Fed Cuts Rate by 25 bp
Today was the bug FOMC announcement, and as expected, the Fed cut the interest rate by 25 bp. The market rallied into the announcement, and then traders sold the news. Supposedly the Fed didn’t make as strong of a statement against inflation as the market had hoped, but did indicate […]
Sorry, I can only make a quick post tonight. Both the Dow and S&P 500 logged another distribution day today, but that didn’t tell the whole story. Big moving stocks from the leading sectors, such as oil, agriculture and metals, took a huge hit today. These have been some of best momentum plays lately, but […]
Today was a choppy low volume day, and seems to indicate that a lot of market players are sitting out until they hear the Fed decision on Wednesday. Although choppy, today was good for the Watchlist. There was nice continuation on some picks from Friday, and two stocks that broke out today.
The biggest mover of […]
