As the markets move higher again today, it seems pretty clear, before the month is out, the markets will be at new 2010 highs. The SPDR S&P 500 ETF (NYSE:SPY) is higher again today, trading at $122.12, +1.11 (+0.92%). As I have explained to my premium members, the Federal Reserve is in full control of the market. The only possible avenue for a move down would be a major collapse in Europe which is unlikely before 2010 ends. The Federal Reserve has staked their reputation on the idea of creating an asset bubble which makes the average American feel richer. Thus, that fooled average American will spend more stimulating real growth. There is almost no chance that the market will drop sharply prior to the holidays, when so much spending is set to be done at retail outlets. The Federal Reserve is using their quantitative easing number two, to inject money daily into the markets, keeping the U.S. Dollar weak. In addition, to aid the Federal Reserve in their propping techniques, volume will slowly get lighter and lighter into the end of December. Lighter volume makes it easier to keep the markets higher. Understanding the markets and the Federal Reserve is key to making money. Learn the rigged game, make money. To get more guidance, education and swing trades, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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