Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, February 11, 2014

Fed Day Squeeze

Stock Market Technical Analysis Blog

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In the market today the now routine Fed day market driver program was turned on early as has become the pattern when the Fed chief speaks.  They let it run into the afternoon causing serious pain to the shorts and then the squeeze was on.  It all looks good except the volume has been anemic.  It looks like the question of whether Yellen is carrying over Ben's PPT technicians or starting out with her own appointments has been answered.  Today's market drive was orderly, powerful, and relentless showing no signs of newbies at the wheel.

Trade well my friends