SPXT - Don't Fight The Fed Straddle The Fence - Trade One Day At A Time
- Stock traders breathed a sigh of relief on 8/27/21 when Fed Chair Powell announced that a bond purchase taper could start before the end of 2021, but that rising interest rates would not likely follow for some time.
- Moreover, unless it is reversed, despite Friday’s excellent advance-decline ratio, the general slack in the market’s breadth continues to create uncertainty and a generally choppy trading environment.
- The New York Stock Exchange Advance Decline line (NYAD), the most accurate indicator of the stock market’s trend since 2016, continues to diverge from the market indices by failing to make new highs to confirm theirs.
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Don't Fight The Fed, Straddle The Fence - Trade One Day At A Time