Tuesday, July 29, 2014

Waiting on the FED?....7.29.14

Another volatile day with the indices trying to find some traction.  It looked like the bulls were in control until the last 2 hours of the day when everything fell apart and red was the dominant closing color.  Amazingly the XIV actually closed a nickel in the green.  Hope springs eternal.....possibly driven by the tendency for FED days to be big winners.  Volume was skimpy...evidence of general indecision in the markets.
Signals for tomorrow are truly mixed.