One day after a follow through day, the market falls apart.  This has been the trend on Fed announcements.  Buy the news the day of the announcement and sell it down hard the next day.  Here is a comment from IBD on today’s action.
Thursday’s weak action put a dent in a new uptrend marked by [...]

The market indices had big gains with heavier volume which marked a follow through day.  Here is a small note from IBD.
While Wednesday’s action was encouraging, don’t dive headfirst into stocks.
Instead, watch for leading stocks as they break out from sound bases. Until the market shows more signs of strength, use moderation when you buy [...]

Tomorrow the Fed meets.  I have no clue what they are going to do, but that they could hold the market hostage until they release their statement.  Traders are getting chopped up in this market right now.  It is best to sit and wait until a trend is developed.  Sorry for the light commentary, but [...]

As I mentioned last night, it looks like money flows might be going into gold and oil.  Let’s take a look at these two and then I will have some market commentary.

Here is a chart of gold through the ETF (GLD: 122.71 +0.01).  I know this chart is very messy (gold has a lot of [...]

The market is beginning to feel like it did during the tumultuous times of October and November of 2008.  This week has a few things going on.  We have a two day Fed meeting on January 27th and 28th.  Since the fed funds rate is near zero, they will have to get creative if they [...]