Talk about accomodating, hopefully the skyrocketing markets are helping to put feet in sheets at our local resorts as we all have friends who make a living from the tourist market.
Well, Bernanke tried to act tough, but the markets aren't listening. The dollar continues to fall (after a VERY brief rally) while he spoke. Basically the tone is the same - accomodating policy - weak dollar ensues.
The $SPX broke through (before he spoke) the previous resistance level of 1100 and looks like it has a good chance of closing above it.
The bull market continues, commodities, retail, technology and even financial got a boost today, BUT what is your RISK TO REWARD if you are just entering now?
Make sure YOU have a solid trading plan that fits your timeline for your trading strategies.
Happy Trading and be Environmentally Cool
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