Tuesday big range expansion and high volume left an accumulation days across the broader markets. Bernankes cut was bigger than expected and sparked the lift off that never looked back. Talk about squeezing the shorts and leaving a market overbought, we did that today for sure. Crude left the day up 95 cents at $81.52 and gold also rallied today but a late day drop ended red at $772.70 down $1.10 by the close. Even before the announcement the market was enjoying good news on earnings and up, the announcement just gave the big push up. The Fed cut the F[...]
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[Source: The Money Blogs]
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