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<< Return to page 1: Waiting for the Fed to Supply an Exit Strategy

age 1 - Tale of Two Markets

I don’t expect much action tomorrow and may not even post until after the Fed’s decision Wednesday.

Markets are much overbought meaning prices have a lot of air under them so disappointments from the Fed, data or earnings must be well received or spun that way anyway.

Unless something unique happens, I’ll hide out somewhere like Harpo and be back Wednesday.

Let’s see what happens and you can follow us on twitter here.

Disclaimer: Among other issues the ETF Digest maintains positions in: VTI, IBB, XLB, IEF, TLT, UDN, DBC, DBB, EFA, EEM, EWC and EWZ.

The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at

Source: Tuesday Outlook: Commodities, Global Markets