Wang’s Happy Trading

Feds played nice and left the rates unchanged. The markets were a bit volatile after the FOMC results, but, mostly closed flat. We saw solid buying ahead of the Feds’ anouncement, and some profit-taking immediately after, then, more buying followed, which faded into the close. In my opinion, the fading is mainly because we’ve gone so far in a couple of days, especially Nasdaq. A little breather at the end of the market is healthy.

The major indices didn’t change much, so, the charts are still pretty much the same. SPX closed barely negative, down 0.63 points. Nasdaq gained 3.02 points. BTK and XME both managed to advance, 1.85 and 0.75 points, respectively. Since the charts haven’t changed much, we won’t go over the charts on the indices and ETFs.

This is also because we are being interrupted by exciting news coming from RIMM! Click here for more details!!

HappyTrading! ™