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Another volatile week leaves stocks with weekly gains but not without pain. The C and S-fund reached their highs on Tuesday; the S-fund led the way with a 3.12% gain in the first two days. Those first couple days of strength led into the FOMC rate decision Wednesday afternoon. The market was higher intraday when the Fed announce a 25bps rate hike, this was what was expected with the Fed trying to balance their battle against inflation and the liquidity concerns across the banking ...

Someone flipped a switch at about 11 AM ET yesterday, stopping a strong morning rally and pushing the indices down, and into the red before bouncing back a little in the final hour of trading. The Dow gained 75-points and the Nasdaq was up 1%, but they all closed off their highs, and the small caps continue to lag, posting a modest loss on the day. We've see some very positive action in the tech heavy Nasdaq, but there are a few charts that are on the brink, looking over a precipice.
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It was one of the more volatile reactions to a Fed meeting that we've seen in a while, and that's saying a lot since they are almost always market movers. Up 200-points at the highs, and closing down over 500-points at the lows, it was a wild day for the Dow and the other indices. Those highs and lows both came after the Fed raised rates by a quarter point, but it was actually a statement by Treasury Secretary Janet Yellen that may have turned the markets sharply lower.

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The back and forth pattern finally broke on Tuesday after we got a second consecutive day of gains for the first time since March 2 and 3. The Dow gained 316-points but it was one of the laggards as small caps put up another crooked number, this one a gain at +2.17%. Bonds were down sharply as yields rallied and the bond market seems to be embracing the Fed's next interest rate hike this afternoon. There were certainly some technical improvements in the charts, but many of them are not out of ...

The back and forth continued yesterday after stocks rebounded on Monday following Friday's sell off. The rescue operation of the struggling banks was the catalyst and we got a relief rally in the oversold indices to start the new week. The Dow gained 383-points and the gains in the major indices got back just a portion of Friday's losses. Yields were up pushing the Fund down, and the I-fund led with the help of a decline in the dollar.

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