fed day

Nothing going on for me today. The Fed today announced a blah blah blah at 2%. While Bernanke blah blah blah blah blah on inflation, not blah blah rate hike blah blah in August. Don't you just love watching the tape on fed day?

psycho

The markets made a psychotic sell-off move after the Fed announcement, only to recover and close at the high tick of the day for all three indices. Plenty of fodder out there to give the bulls reason to initiate some accumulation.
Here's a 2-day cup with handle move I missed today in MA, it didn't even have too much of a reaction to the rate-cut news as most stocks did.

Fed Day

'twas a snorer of a narrow range day yet again right up until 2:15 when the Bernanke rate cut announcement. Some great long moves in the 45 minutes or so after the cut, and then even greater moves on the short side for the last hour of the day. So, where do we go from here. It feels like the expected rate cut was priced in to market by now and there's more down side to come. That's what it feels like at any rate. Though it's not what the trusted pros think. A blog posting on Cnbc by Tom Brennan suggests the bottom is in and it's time to buy. Especially the financials. As his blog states; "The Fed's move was "incredibly positive," Cramer said, adding that "we are basically out of the woods." So, I guess this is less Tom Brennan's opinion but more so of Jim Cramer's. "Financials should be bought," Cramer said."
Maybe we'll get an upside Cramer bounce and see how the bears respond. Which is first, 1250 or 1450??

Fed Tuesday

Looks like people were expecting a 50bp cut rather than the 25 given. Kinda like Paris Hilton getting a Bentley for Christmas instead of the Ferrari that she wanted.
TLT
SPY
DIA
QQQQ