Wednesday the bulls were able to hold the market up for another day. Volume outpaced yesterday, which is showing continued market participation and it is usually hard to outpace a FOMC day for volume. Gold closed up $6.60 at $730.30 an ounce and crude closed up 30 cents at $81.81 a barrel. We closed the day mid range and with an overbought market on the daily charts. With early economic data and Chairman Bernanke speaking tomorrow, which will hopefully shed some light on why he cut .50 instead of .25. The market will look closely at the pre marke[...]
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[Source: The Money Blogs]
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