My guess is traders are waiting on the sidelines for the Fed's decision tomorrow. I don't think anybody thinks the Fed will do anything about rates. Instead I think people are waiting for the Fed's statement to see if anything has really changed.
Tuesday, March 20, 2007
The Latest Rally is Suspect
While prices have increased for the SPYs and QQQQs, volume has decreased. This is a bearish signal.
My guess is traders are waiting on the sidelines for the Fed's decision tomorrow. I don't think anybody thinks the Fed will do anything about rates. Instead I think people are waiting for the Fed's statement to see if anything has really changed.
My guess is traders are waiting on the sidelines for the Fed's decision tomorrow. I don't think anybody thinks the Fed will do anything about rates. Instead I think people are waiting for the Fed's statement to see if anything has really changed.
