Fed putting something into the mix this am. Traders will have to duck around the stimulus events if they can. Jim Cramer of CNBC has been all over the TV yesterday and today. Last night the guy was trying to tell people how to watch his show, explaining when to listen to him and when not to. What a clown. A market pimp that cannot shut up. People who listen to guys like that are getting crushed.
Market will give everyone something today but the liquidation events are always looking for rallies to sell or pound end of day trading sessions if there is no bounce intra-day. Selling will only back off if it is punished. Look for the mid point in SP500 of the after the Fed announcement rally to be the guide as to relative strength today. If you cannot get through there and hold, then the liquidation will keep on coming.
