The Fed stands pat but their comments create electrical volatility in both directions.
Goldman Sacks has been a bell-weather stock that has functioned as a direction finder in the markets. As seen above it has been in an intermediate term decline as opposed to the volatile ups and downs seen in the market. GS has been more consistent than many other indicators in confirming direction in the markets.
1 Year, Weekly - Nov. 4 - Are we at a breakout or a breakdown? Support appeared to fail but then the market reversed back above support. Was this just a fake out? Was this just emotional reaction to the Fed. We are firm believers in assessing the market in different time frames. Trade decisions should not be made without evaluating several time frame charts.
20 Day, 2 Hour - Nov. 4 - Battleground between Bulls and Bears within the Rectangle. Lots of volatility and multiple ways to get faked out and lose money. Trades are best made in periods of low volatility (Narrow Bollinger Bands). High volatility in the markets translates to emotional decisions which are rarely profitable.
Trade Page - Nov. 4 - Trade Page is composed of the ADs, UVol-DVol, MACD, CCI, RSI, & SPY. Combined this provides an instrument panel that allows the trader to keep abreast of the market at hand.
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