Dow 9,748.55 -81.32
Nasdaq 2,131.42 -14.88
SP500 1,060.87 -10.79
10-YrBond 3.42% -0.0380
GLD 98.87 -0.80
SLV 16.56 -0.32
PTM 16.09 -0.09
After Fed announcement, indices quickly ran higher with light volume then pulled back even quicker. The Fed statement says they are going to withdraw pushing money into the markets, so downside is near. Dollar showed strength when market indices fell (or did the dollar strength pulled market indices lower). Watch how volume comes in to the downside the next few days.
The Committee will gradually slow the pace of these purchases in order to promote a smooth transition in markets and anticipates that they will be executed by the end of the first quarter of 2010.
XLE 54.44 -1.13
XLF 15.06 -0.28
ANO 0.81 -0.03
RBY 3.90 -0.28
FXP 9.17 +0.33
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