Tuesday, March 29, 2016

SPX S&P 500 1-Minute Chart Fed Chair Yellen Creates Market Rally

The central bankers are the market. As soon as Fed Chair Yellen begins speaking at the Economic Club of New York, she comments on a weak economy and flaps her dovish wings. Stocks explode higher. The SPX leaps from 2035 to 2048 a 13-handle gain in a flash. Long live Chair Yellen! All Hail Yellen. Kneel and bow when in the presence of her power! The SPX is fighting at the 2044 level which is the starting year number that determines if stocks are positive or negative for this year. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 5:09 PM: The SPX finishes the day up 18 points, +0.9%, to 2055 after Chair Yellen hitched up her skirt this afternoon and winked at the traders.

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