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Daily Watch List Update
Dear Members: MARKET NOTE In yesterday's update I pointed to 2038 as a level the bulls hoped to clear on the S&P and that 2060 would be next. So far today the S&P has climbed to 2052 so just 8 points from the next that 2060 level. But today we now…
Dear Members: MARKET NOTE The Fed has come and gone and actually surprised the market some by declaring 4 rate increases are kaput and that 2 are more likely this year. That is quite a shift from what they said back in December when they raise the…
Dear Members: MARKET NOTE It's Fed rate announcement day and so far the market is proceeding with caution. In fact, the S&P is literally touching its 200 day moving average as traders await the decision at which point the action is likely to begin…