And as was initially feared, they did adjust their "Fed speak" to leave no doubt that interest rates are going up, but they did so with a spoonful of medicine by indicating that it might not happen as fast as many feared.
Net net, it was enough to send the overall markets skyrocketing.
That being said, once again the general reluctance of buyers to step in was palpable.
We follow a lot of really strong candidates and not a one exhibited any degree of whimsical buying..
What does that mean?
To us it means that once again, there is a lot of skepticism about the global economy, our labor markets and fear of getting the rug pulled out from under us...yet again.
Anyway, net net, we still have a lot of great candidates that are inching their way to the top of our proprietary momentum filters and perhaps after a day or two of market participants digesting this latest Fed revelation, buyers might once again make their expected trek out toward the middle of the frozen pond.
Below is a chart of the Dow with strategic Support & Resistance levels...
To view it in greater detail, click here
See everyone in the markets tomorrow..