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Fed holds steady, despite turbulence from current events

Recent current events have caused investors to pull back some, but the Fed met and decided to stay the course. 


Federal Reserve holds benchmark rate steady, but what do the technicals say? Here is the daily chart showing how the March US 30 Year Bond Futures has been rising all month. I use a 5-day and 21-day commodity channel index.The March ZB is overbought. I expect a swing high in the next day or two. There is an old adage that says, "buy on the rumor and sell on the news” This market is likely to be bearish for next week.


chart from barchart.com

Many profits and much success,


Dave

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