Yesterday’s Fed Minutes look reverse the intro-day trend, the price movement indicates the QE3 is “closer and sooner”. For XIU, gold is very strong and almost solely support the TSX. But, hold on, what does QE3 mean? Economy is in bad shape! If so, where would the company’s profit come from? Of course, this is an issue of macro economic view. For a swing trade, there would be a consolidation in the current price level, for XIU, will keep eye on XIU @17.17 , if that price was hit and how the price action react there is critical. For SPY, 139.80 is a key point.
Wait and See is the game plan.
Wait and See is the game plan.
