I was waiting to sell this afternoon and the market refused to go high enough to fill my orders. Oh well, that is the drawback with trying to get premium prices for entries.
This Fed announcement surprised me with such a weak close, I expected a stronger close but this market seems to be much weaker than I give it credit for. The market got exactly what it wanted from the Fed, no change in language or action, totally dovish, but market still couldn't rally on it. Bottom line, this is a weak market.
CSCO earnings are out and the market is running up on the news, futures are going higher as I write. That sell opportunity may come later.
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