evening folks! Market all over the place today. We opened lower as market waited for the FOMC announcement. When it came the news that operation twist would be continued it was pretty anticlimactic. The market swooshed lower tapped support and bounced right back finishing flat for the day. the fed lowered expectations for growth and for employment yet the market held its ground. Overall I’d say a win for the bulls. We held the 50 day moving average on the s&p. all in all not to bad. I was slightly up for the day due to a wicked short in $gevo and a nice alert on $air by @szaman. Other then that all my stocks that i played I took small losses on as I just couldnt get any traction to the longside or shortside. I told myself this morning I wouldnt do much as the action was gonna be choppy yet……. I just couldnt help myself and tried to force a few trades that looked good. The trading should be easier tomorrow.
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Here is todays video:
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