Online Stock Trading | People Watching: Enjoy as Traders Position for the FOMC

People Watching: Enjoy as Traders Position for the FOMC


Filed Under Market Commentary |

Game plan:  NOTHING special.

You should be doing what I’ve been doing all along, and that is to cut losses and keep new buys to a minimum and VERY small.  I would expect to see the target rate cut by 25bps but in a surprise move to see a significant cut in the discount rate.  But, I am not the FOMC so they will do as they deem fit.  This market continues to show signs of strength but weak strength.  Daily volume suggests the upside moves are not as powerful as they once where.  However, that won’t kill a rally per se.  What is is telling us that we are in the topping process and nothing else.

Sit back and enjoy the fire works!

Market Speculator

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