FED gets trumped by Fitch Ratings

January 30, 2008 · By Adam · Filed Under Trading Tips & Techniques, Trading Videos

No question about it, today was a roller coaster.
Is the BEAR market here?

Fitch Ratings trumped the FED today in what can only be described as a wild ride on Wall Street. Take a look at this one minute chart (above) to see what I mean. Art Cashin, that old wizard of Wall Street was asked today if the removal of the “Up Tick Rule” was causing more volatility he answered simply “Yes”. Watch our video on the “Up Tick Rule”.

Keep your powder dry. Pick your spots.

Adam Hewison