July 28th Daily Market Comments

Be careful! Fed announcements have a high frequency of whipsaw actions where the initial day has a strong move in one direction but then the next day has a strong move back in the opposite direction. Reality sets in. The feds raised interest rates. Expected. Bullish price move. But then rational thinking realizes they are having to raise interest rates to quell inflation. Market trend? Still relatively indecisive. Any positions should have very strong chart patterns.