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It was a Fed Week and the Action (or lack thereof ) and reaction were somewhat expected. Lets look at our week in review.
Thursday I mentioned that I found it surprising that the USD & CRB were both moving together Post Fed. Was one faking it's move?
Now lets take a closer look...
Read MoreAs expected, the Fed Mtg on Wednesday certainly gave us some dips to work with. We saw both strength and weakness as a result.
SPY - This was a tough dip to ride 'real time', but the markets closed back at the highs.
Read MoreWhat can I say here when we all know that charts could be quite different after the Fed Mtg on Wednesday? Lets just review some expectations.
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The SPX, Dow Jones and NASDAQ have recovered nicely from the summer sell off, but a few areas have yet to catch up (If they are going to). I showed this rather bullish looking set up yesterday, but...
Today the TRAN , IWM, and IWC sold off nearing the close. Is it a fake sell off or is smart money heading for the exits Pre-Fed? Lets take a look...
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