Big day for stocks, bad day for bonds. The Street is viewing the new Fed as a dove on inflation and that spooked bonds and cheered stocks. But let's not forget that we have three more rate hikes possible before the change of the guard. In any case, bulls have the ball. YM needs to close above 10415, October descending trendline resistance before they can claim the trend back. Click on chart.
This entry was posted
on Monday, October 24, 2005 at 4:24 PM.
