Confirmed Breakout Of Stocks After Fed News

Published 03/19/2015, 01:48 AM
Updated 07/09/2023, 06:31 AM



“Courage is the discovery that you may not win, and trying when you know you can lose.” Tom Krause

A great day with a capital G.

Stocks broke out en masse after the Fed news and continued strongly along with markets.

Usually we see sharp moves up and down after Fed talk but this time it was just straight up.

I did some more buying and most of our stocks are doing well and just beginning to breakout in most cases.

We did have to book gains in Advaxis (NASDAQ:ADXS) unfortunately today at the $11.75 level from our buy at $8 a few weeks ago.

Great gains no doubt but I thought we may see more upside with markets and stocks starting to trend higher now.

Anyhow, them’s the breaks.

The metals also really took off hard today after starting to break lower Tuesday but gains on Fed talk don’t usually last too long in the metals so let’s see how that goes.

SPY S&P 500 Daily Chart

SPDR S&P 500 (ARCA:SPY) is breaking out solidly here on strong volume and I’m taking advantage of it.

How long it will last I don’t know but so far so good and if all goes well this trend will last into May.

I keep words to a minimum and valuable information to the max.

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