The markets are in a holding pattern, waiting to see what the feds are going to do about interest rates. Unfortunately, until the meeting the markets are probably going to be trading very lethargically. Continue to hold long and short positions that are maintaining their trends above or below the T-line. The indexes continue to trade above the T-line, implying the uptrend remains in progress. Obviously the markets was so their reaction to whatever the feds announce about interest rates Today.
September 18th Daily Market Comments
The markets are in a holding pattern, waiting to see what the feds are going to do about interest rates. Unfortunately, until the meeting the markets are probably going to be trading very lethargically. Continue to hold long and short positions that are maintaining their trends above or below the T-line. The indexes continue to trade above the T-line, implying the uptrend remains in progress. Obviously the markets was so their reaction to whatever the feds announce about interest rates Today.