Online Stock Trading | New High/Low Story Remains the Same

New High/Low Story Remains the Same


Filed Under Market Commentary |

New Highs outpaced new lows by a near 4 to 1 margin again today.  Market was flat, FOMC meeting tomorrow may have people standing on the sidelines at the moment.  I am just amazed at how this market is reacting to the negativity!!!  Its stupendous!  CNBC does such a horrible job covering the markets, they do break good stories sometimes.  Jim Cramer may be the exception.  He is a least not biased and sees through the smoke.  Overall, CNBC does not do a great job covering the markets.  First and foremost, who do they have reporting the markets?  They have journalist…whoa…I forgot Rick Santelli he and Jim Cramer probably are the only two that have any type of weight.  Ok, so they have journalist covering something they really don’t have much knowledge on.  What they need to have is actual investors, who are trading the markets just not covering it! 
 
FOMC - at 2pm, the initial reaction will be fun to watch, but keep an eye out for what market leaders are doing, HANS/NCTY/RACK and the others.  Those stocks will paint the picture!
 
Happy Trading,
MktSpec

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