The FED really talked up the market and the economy in it's release Wednesday. It was almost like a parent sending their kid off to kindergarten. Given the recent reactions to central banker commentary, they are probably starting to think they can talk markets up. Adding in the talking it up variable really makes this operation more complex. They'll make some miscalculations, they're human. The question is when and how big will they be?
Lest we forget the FED's prime time player Bernanke is gone. He was the orchestrator. Are the Heat the same without LeBron James? Hell no.
The stock only A/D line hit it's upper boundary Tuesday. Often this coincides with very short term tops. It'll be interesting to see how much we pull back here.
Trade 'em well