Market played out exactly as how I said it would today, early weakness was definitely a buying opportunity. The S&P closed at its highs and I would expect a slight upward bias till we have our 2:10 PM announcement Wednesday from the FED. John Deere was so sweet today from our mention this morning and Mastercard I still believe will get going too. Mastercard got hit this morning on the news of the VISA ipo might be delayed.
The solar stock, brokers, gambling and some tech stock were on good solid ground today. One negative I have today is the lack of relative strength from the Nasdaq. This ,ust be watched tomorrow and wednesday after the announcement as the are the leaders of the market.
I am presently in bounce mode in my gameplan and i expect us to get some resistance in the 1396-1426 #'s on the S&P.
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