Wednesday, January 30, 2008

After the Fed

There was never really anything behind the market after the Fed announcement. In fact, indicators went from neutral to moderate to heavy sell side risk with twenty-five minutes left to trade. This was just before the break in SP500. Futures are down hard in the early trading for various reasons. DJI, SP500, and NQ100 will enter the defensive stage now to see what is down below. Sp500 spot 1340 still key area.