As depicted in the above NDX-100 graph, as soon as the Fed announced that they will wait for more economic confirmation before beginning to taper QE. The NDX shot upwards closing 1.27% positive. The Federal Reserve did not announce the beginning of QE dismounting as they are not convinced the economy is altogether healthy. They also know that yields will go up as soon as they exit QE causing an economic slowdown, which translates in lower stock prices. Today´s announcement confirms that the economy is just coming along and the market reaction should not have exuberant at all ……
Today´s Profit USD 112 (Portfolio Size: USD 25,000)
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