Another good day as we await for the Fed decision tomorrow. The Dow is about to breakout above a very significant level just over today's high. Tomorrow should the Fed say something that pleases the markets, we will see a possible resuming of the previous uptrend. 12500 is major resistance for the Dow Jones. I think it will probably be broken tomorrow. Yahoo's earnings report did not go well with investors and the stock is down after hours. Many others are also going down in sympathy. I don't know why anyone cares about Yahoo as a leader at this point but tomorrow it will pressure the markets. If the Fed pleases, then Yahoo's bad news will be forgotten. The solar group is on the move and breaking out. I will have some picks later on today.
Tuesday, January 29, 2008
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