“Wealth is the ability to fully experience life.” – Henry David Thoreau
The Fed did nothing as expected and stocks remained very choppy as a result.
The Nasdaq is acting weak after leading companies within are reporting poor numbers while the S&P and Russel 2000 are showing some strength so mixed action is tough to play, so I’m not.
I remain all cash and cautious since numbers are not so great at all in many leading stocks.
SPY looks to have a small head and shoulder here with the 207.50 area the short level but it doesn’t target a move much under 205 so we still seem to be in a nice, albeit boring, consolidation phase.
Enjoy your evening and the boring markets we have at the moment.
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