Tag Archives: Fed

The Calm Before the Calm

Today concludes the September FED meeting.  Some have deemed it the "most important FED meeting of the year".  You could also call today's sunrise the most important sunrise of the year.. at least until, hopefully, the sun rises again tomorrow.  And let's not forget about the weekend.  The sunrise on Monday is equally as important.  Come Monday that sunrise will have a lot more relevance to us  than the sunrise that occurred today.  Although without today's sunrise, Monday's sunrise would never have been possible.

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The Utopia Moves From Coach to First Class

The market continues  to soar after the Presidential election.   Such a large swift move usually comes with many traders calling for a top, or at least a pull back.  And if we've learned anything since the March 2009 lows, it's that any rally can go far further than expectations, and that while a pull back may come at some point, trying to time it is usually a failed endevour.  I don't think it will be any different this time around.

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Wednesday Recap

Patient?  It's gone from the FED, but the term worked perfectly for call buyers this week.  It's never easy holding onto longs/calls when every pundit is telling you to sell, that the FED is going to spook the market.  Patience is exactly what we needed to profit today and it worked nearly to perfection.

Last night's bonus chart proved to be rather prescient.  It's nice to be right about where the market is headed, it's even 'nicer'when that move is even more robust than your most optimistic expectations.  Today was an almost straight up day after the FED.  No stairs, no methodical move higher.... it was a 2 hour spike-a-thon and the stock market rests just off record highs.... yet again.

***Last Nights Bonus Chart ***

**** Today's Action ****

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