FOMC Statement Today

A whirlwind of news will hit the market this week. When the dust settles next week we will know the direction in August.

PRE-OPEN MARKET COMMENTS FED-DAY - I've been encouraging you to stick with day trading and to avoid overnight risk exposure. With these intraday ranges, there is no reason to swing trade. Yesterday the S&P 500 dropped 100 points and today it is going to recapture all of those losses and then some. Traders who "jumped the gun" and called for a market top are going to pay the price this morning.

Daily Bulletin Continues...