Volatile Trading in Equities Ahead of Today’s FOMC Statement
Wednesday, January 31st, 2007Following a weak opening, the equity markets have rebounded. However, the volume ratios are neutral for the NYSE and slightly negative for the NASDAQ. Therefore, I would look for a slowing market ahead of the FOMC announcement.
The late-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating […]