Before I dive into yesterday's rate increase, I just want to ask you, are you enjoying the 12 Days of Trading Tips? It's always a good thing to refresh your mind and energize yourself by reviewing some of the fundamentals of trading. I think today's trading tip on market timing is one everyone should read as it underscores the old market saying, "Bulls make money, bears make money and pigs get slaughtered." Yesterday Janet Yellen, Federal Reserve Chairman, finally gave her long-awaited blessing to raise interest rates. It's perhaps the most anticipated rate hike in history and the first jump in almost a decade. I believe that the Fed should have acted months ago and they are still trying to figure out how to clean up the mess they created. The action by the Fed was interpreted by the market as a positive. However, that was a short term fundamental spike that went against the short term technicals, many of which are beginning to break down and become weaker. At the beginning of December, I stressed just how volatile and dangerous Decembers can be and this December is fast becoming the poster child for volatility. Take a look at a stock like Amazon.com Inc. (NASDAQ:AMZN), which has seen a 15% swing (up and down) for the month, and that does not include any of the myriad of intraday swings. In the today's short video, I will recap some of the major markets and indices and share with you strategies to make sense of all this volatility.
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