Fed Follow Up Report

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Honestly, there was  little permanent reaction when the Fed decision was made known, but we can't say that a lot changed.  Expectations remain the same, so lets review these markets....

 

SPX - This was in yesterdays report, please read the chart.  Also the signs of improvement in the XLF continued.

 

DJIA - I expected a dip, but this reversal after the Fed may have follow through upside. This consolidation could be forming an inverse H&S.

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May 5th – Fed Changes

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As the Fed Decision approaches, it is expected to be a non-event when it comes to an  interest rate hike. It does appear that some sectors are lined up for some changes, however.  Let's discuss why.

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Tuesday May 2nd

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I wasn't really expecting a whole lot of change in the various markets sectors on Monday, Tuesday, and even Wednesday morning, but we do have the FOMC Decision at 2 p.m.  Wednesday afternoon, and that may cause some 'changes'. Let's discuss the precious metals markets.

 

GOLD - We've been waiting for and expecting this drop, so that is nothing new. The stochastics isn't even oversold, so selling can continue Tuesday & Wednesday too.

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