Federal Open Market Committee Meeting Will Move the Market
The Federal Open Market Committee meeting this coming week will clearly be what moves the markets.
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The Federal Open Market Committee meeting this coming week will clearly be what moves the markets.
We got the oversold rally, and, over the course of the next week or so we could see more -- but there's a catch.
Expect an oversold rally to develop this coming week, but the intermediate term indicators say after that we should come down again.
Some see an island top, others think a head-and-shoulders top is forming, but I see a magnet. Let me explain.
Let's look at the indicators -- which ruled the day -- and check breadth, sentiment, new lows, the overbought readings, and ... dollar vs. the euro....GDX