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Stocks were initially down this week but the bulls fought back to keep things at par as traders awaited the FOMC policy statement. Nothing particularly new was announced by the Fed; they sustained their dovish behavior as they know how sensitive the market can be otherwise. The statement didn't change the mood of the week too much except it left traders looking for guidance as to their next move. They found that guidance after the Bank of Japan held back from adding stimulus to the Japanese economy ...

Stocks opened lower on Thursday after the Bank of Japan (BOJ) did not offer any new stimulus or cuts sending the Japanese Nikkei down over 3% on the day. Buyers stepped up in the U.S. market once again after the initial selling, but a comment from Carl Icahn regarding Apple and the market in general, gave investors a reason to go back to selling. The Dow closed down 211-points.

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Stocks opened lower on Wednesday after some disappointing earnings reports after hours on Thursday, but the closer we got to the FOMC policy statement announcement, the more buyers jumped in knowing the Fed does not disappoint. And they apparently did not as the Dow jumped nearly 100-points after the announcement, finally settling the day up 51-points.

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For better or worse, my algos have always stayed in the market through expected big new events (i.e. FOMC)

The algos detect hidden patterns that correlate to future price actions. I believe that more often than not, the price action prior to the expected news events may help to forecast the price action after the news hits.

I don't have to be right 100% of the time, just more often than not.

This type of crowd precognition is nothing new. They say tweets can ...

Stocks remained relatively flat yesterday in front of today's important FOMC policy statement. The Dow ended the day up 13-points, the S&P and Nasdaq were basically flat as well, but small caps had a nice day. After the bell however, more trouble on the earnings front put some pressure on stocks after hours.

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