The Fed didn’t make any changes to the interest rate as expected, but was less hawkish on inflation in their report today. The market was expecting more emphasis on future rate hikes to fight inflation, which probably would have strengthened the dollar, lowering oil and perhaps causing a rally in the market. Instead, the market […]
The market got hit hard with bad news regarding consumer confidence and the steepest slide in home values ever. Although the market attempted to fight back in the afternoon, stocks finished lower for the day. Far from being a quiet day that I expected. It was dangerously whippy.
I did some selling this morning and am […]
I was traveling this weekend and was unable to post here or look at any charts during that time. I didn’t expect to see much action today, but there was one trigger from the Watchlist today, and some nice moves in some stocks that triggered last week.
Let’s start with a trigger from Friday, CPST. As […]
