The above three charts illustrate the importance of looking at all the equity markets. The top chart (the SPYs) 60 minute chart could lead to the conclusion that stocks are losing their upward momentum. However, the bottom two charts (the NASDAQ and Russell 2000) show prices moving above previously established highs. This gives us an indication we'll probably see prices continue to move higher, as the IWMs and QQQs are the riskier averages.
Gold is still in a rally. Prices have advanced through the 102 level (which they did when the Fed announced its long-term interest rate decision) and have continued to move higher. All the shorter EMAs are advancing with the shorter above the longer. The MACD is also very bullish.
The dollar -- while still moving lower -- is finding support at the 200 day EMA. However, don't expect this level to hold; the Fed's decision is long-term dollar negative and the euro is catching a bid.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.