Online Stock Trading | FOMC leaves rates and cuts out tightening from language, stocks soar

FOMC leaves rates and cuts out tightening from language, stocks soar


Filed Under Market Commentary |

Stocks are soaring from the FOMC meeting today. What is striking to me is that we haven’t eclipsed yesterday’s volume (@3pm EST). NYSE volume may be able to head over yesterdays but at this point it doesn’t seem like we can make it.

This type of environment isn’t a suitable one for anyone trying to find a trend. I do not see any worth while additions to one’s portfolio.

My cut loss of 10% on SDD is 65.34 on the close.
My cut loss of 10% on QID second buy is 51.

We aren’t quite there yet but I am keeping a close eye on these.

Let’s see where we finish on the day…follow-through? Remember only 80% of follow-throughs lead to a bull market.

Aloha and happy trading,
MS

marketspeculator@gmail.com

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