When is the last time that the Federal Reserve said that they will keep rates low until 2013? This is certainly the most bizarre statement that we have ever heard from the central bank. Sure, the stock market likes low rates,...
Read MoreTraders must pay close attention to the U.S. Dollar Index. This morning, the U.S. Dollar Index has rallied sharply higher since 8:00 am EST. Yesterday, the U.S. Dollar Index plunged lower by before the closing bell helping to...
Read MoreYesterday was the first trading session where the major stock indexes finished strong into the close since August 3, 2011. The Dow Jones Industrial Average finished higher by over 400.0 points by the closing bell. Is this move...
Read MoreThe SPDR Gold Shares(NYSE:GLD) have soared higher after the Federal Reserve said they will keep the Fed funds rates at zero percent until 2013. In other words, the central bank will keep rates as low as they can. The GLD is...
Read MoreThe markets are sharply higher as they get an oversold bounce ahead of the FOMC Policy Statement. In the last two weeks, the markets have dumped over 15%. Everything from major market leaders like Caterpillar Inc. (NYSE:CAT) and...
Read MoreThe stock market is popping today ahead of the FOMC Policy Statement at 2:15pm ET. The market is hoping Ben Bernanke reassures the world that it is not ending and that the economy will survive without a major double dip...
Read MoreAll eyes will be on the Federal Reserve Bank Chairman Ben Bernanke this afternoon as the central bank holds their FOMC meeting. The Bernank now holds a press conference where he will take questions from reporters. Every investor...
Read MoreThis recent stock market decline can now be compared to the 1997 Asian Financial Crisis also called the Asian Contagion. This time around it is the European Union collapse that is the leading catalyst for the declines in the...
Read MoreThere is nothing but selling taking place at this time. Stocks are being sold with a vengeance. This tells us that there are a few large financial institutions that have been caught on the wrong side of this market. In the past,...
Read MoreThe markets have now completed the head and shoulder pattern target at $115.00 on the SPDR S&P 500 ETF (NYSE:SPY). The head and shoulder pattern can be seen clearly on the chart below. This pattern was a classic technical...
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