FRIDAY – Still Running Like A Cheetah

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It's the last trading day of the week. Let's see if the 'Things' that have been running like a Cheetah in the markets can give us one more up day!   

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January 31st – Post Fed Pops

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We had some nice action after the FOMC Decision Wednesday.  A lot of the sectors played our as expected, so lets discuss what to expect going forward too.

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SPX - The General Markets broke higher with the Fed 'No Rate Hike" Decision.  I expect a little more upside.

 

UPRO - UPRO, SOXL, TQQQ, etc are good 3x etfs for 'Fast Gains",  since this daily cycle could peak after another run higher.

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January 30th – Waiting On The Fed Again

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 Let's take a look at the markets current set up, as we wait for the FOMC Decision at 2 PM. Eastern today.

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SPX -  Basically still sliding sideways along the 50sma as expected, we had no  real change in the General Markets.  Are they waiting for the FOMC Decision too? 

I wanted to take a look at something else here, to see if there are any clues as to which way the Markets may break after the Fed Decision...

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