Day Summary

Perfect example of buy the rumor sell the news. Technically indexed retraced back from their 200 ma on big volume with long reversal bars, I would expect some selling to continue for next few days. Russell2000 looks weakest and Q's look strongest. Yesterday's sell off in energy didnt follow thru today so we still have only 1 strike against energy sector, interestingly nat gas rallied while oil pulled back. Fed announcement put further pressure on dollar and currencies/gold rallied on the news. Interesting times in market, is this rally getting over and currencies/gold/bonds trying to regain their uptrend or markets trying to consolidate before pushing ahead. Next few days might have some clue.