Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of September.
Did Apple deliver? Is the glass half full or half empty? Now that the iPhone5 is out, the question becomes did Apple deliver a superior product and a new game changer for the industry? Only time and the market can answer those questions.
Apple and the German courts have all made their announcements this week. That info has been talked about and digested and is now off the table. The market is now waiting for the Fed, which will announce their decision and view on the economy at 12:30 today. The FED seems to have done a better job than Apple in keeping their cards close to their vest on this announcement.
The market is divided in terms of whether the FED is going to give us another QE3, an ongoing QE program, or do nothing. A small minority think there will be nothing announced today and the Fed will continue to watch their data for more signs of a recession.
We know what the charts are saying and prefer to go with that sentiment over all others.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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