The several weeks of concern over the FOMC meeting disappeared quickly after the FOMC announcement Wednesday as the S&P futures rose 25 points in just 15 minutes. The correction had been relatively mild as the Spyder Trust (SPY) lost just 3.7% from high to low. Still, the negative sentiment seemed rather high as the irrational fear over the impact of a rate rise on the stock market did trigger some misguided selling. In last week's column Don't Get Fooled Again, I took a technical look at how st...
The several weeks of concern over the FOMC meeting disappeared quickly after the FOMC announcement Wednesday as the S&P futures rose 25 points in just 15 minutes. The correction had been relatively mild as the Spyder Trust (SPY) lost just 3.7% from high to low. Still, the negative sentiment seemed rather high as the irrational fear over the impact of a rate rise on the stock market did trigger some misguided selling. In last week's column Don't Get Fooled Again, I took a technical look at how st...
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