Fed action sparks a rally | stockbee


Fed action sparks a rally

  • S&P up 3.77%
  • Dow Jones 30 up 3.55%
  • Nasdaq Composite up 3.98%
  • Russell 2000 up 4.64%
  • NYSE composite up 3.61%
  • Breakout ratio 1161/121

The Fed action sparked a ferocious rally in a oversold market. As noted yesterday, the Market Monitor and T2108 readings were reaching extreme levels and a reflex bounce was a distinct possibility. Only thing is such bounce from more extreme readings on Market Monitor would have been preferable. more

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