Huge Fed Based Rally

David Frost // Market Outlook


October 8  

The market took it’s Que from the Fed minutes today and ran like the wind.  Maybe is was the eclipse discussed in these pages over the last several days.  One will never know, but interesting nevertheless.

There should be some more upside, as we rallied on heavy volume and we rallied long and hard.  This is a signal there is strength behind the market which generally will mean higher prices.

However, not so fast.  I don’t think it’s just off to the races, buy high and sell higher – just yet.  Earning season is going to pick up speed, and next week is options expiration week, and this normally produces a moderate to high level of drama in the markets.

All the technical stuff is explained in the video.

About the Author

Trading and investing in markets is second nature to some, but a mystery to others. The goal is to provide a forum where everyday people aspiring to be part time or full time traders will learn how view markets differently and profit beyond their wildest dreams.

David Frost