Home > Uncategorized > FOMC Market update

FOMC Market update

December 16th, 2009 angie_c

FOMC decided to leave interest rates unchanged at 0.50% (big surprise).  To read the official story, check out htttp://www.federalreserve.gov/newsevents/press/monetary/20091216a.htm.

The market reacted by first running up, then pulling back enough to give up almost all of the day's gains. As of this writing, the DOW is down 18 points, the S& P is only up 1 point. Can anyone else see the evidence of the inability to break hi's?

Angie C.

Categories: Uncategorized Tags:
Comments are closed.

Wizetrade®, CommandTRADE®, and Wizetrade TV® are registered trademarks of WGAL, LLC, also known as The Wizetrade Group (“TWG”). CommandTRADE®, CommandTRADE® FX, Wizetrade® FOREX, Wizetrade® Stocks, Wizetrade® Commodities and Wizetrade® Options (collectively the “Programs”) are analytical tools only and do not predict price trends. The purpose of Wizetrade TV is to improve traders’ understanding of the software charts. Wizetrade TV programs are for training and educational purposes only and in no way should be considered as giving buy, sell or hold advice. Testimonials included may not represent typical results. Neither unique experiences, past performances, historical tests, nor included or accessible strategies or scans constitute recommendations or guarantee future results. Trading forex, stocks, futures contracts or options involves substantial risk of loss. Investors should only use risk capital they are prepared to lose. Users are solely responsible for selection of forex pairs, stocks, futures contracts and options, strategies, and scans, and monitoring their brokerage accounts, the Programs, and anything, including, without limitation, delays or outages of any type, which may adversely affect them. The purchase of, sale of, or giving of advice regarding forex, stocks, futures contracts or options can only be performed by a licensed person. TWG and its employees and Wizetrade TV hosts and guests do not solicit or execute trades or give investment advice, are not registered as brokers or advisors with any federal or state agency, and encourage consultation with a licensed representative or registered investment professional prior to making any particular investment or using any investment strategy. For more information about commodities and futures trading, visit the Commodities Futures Trading Commissions Web site at cftc.gov. SV2