sp'monthly'2
Summary
*I'd not noticed until just now, the upper bol' on the monthly, broke into the 1800s today..so despite the daily and weekly cycles being somewhat over-stretched, the monthly charts are in fact offering a brief foray into the 1800s.
-
So..the Yellen is out of the way, and the market can get on with further algo-bot meltup.
-
There remains some rather bizarre talk of an FOMC QE-taper in December, but to me, that is beyond stupid.
There will be no policy changes until Bernanke has sailed off into the sunset..and Yellen settles down into her new chair in the printer room. At earliest, slight QE cut in Feb/March..but hey...they were saying that this past February.
-
Notable strength in AMZN, NFLX, TWTR
3.54pm.. a close in the 1790s? Not that it matters. Little reason why tomorrow won't be higher also. Urghh