CY just barely cleared enough volume to qualify for a pocket pivot today.
The market staged a rally today on low volume. The fed's announcement on the end of QE2 was mushy at best as they remain divided on how to end it. And rest assured, there is indication from some of the fed members that if the economy takes a turn for the worse, QE3 is in the offing.
That said, the market does not like uncertainty so it is possible the market remains in a trendless state as it has for much of this year.
Keep your stops tight on any stocks you may play as this environment is fraught with higher than normal risk due to the action of leading stocks and the general market.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.