Day Trade This Bounce and Get Ready For Another Round Of Selling Next Week!
Traders have digested last week’s news and some of the nervousness has come out of the market the last two days. The market was able to find support yesterday and after testing the downside this morning, prices have rebounded. Traders are still worried that Congress wants to get actively involved in the Fed's decisions. Ben Bernanke is likely to be reappointed, but no one thought it would be this much of a struggle. The FOMC meets tomorrow and it should be a non-event. They will keep rates low and describe improving conditions and a fragile recovery. Overseas markets were weak when …
January 26, 2010
• Posted in: Options
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