Tuesday, December 13, 2005

High Octane Trading (HOT) Radio 12-13-05

Greenspam speaks! That's right it was time for the FOMC to give us their latest decision on interest rates and expected they raised them - the 13th consecutive time! What's more, the Fed's statement gave traders hope that they may be done soon, perhaps as early as the next meeting. Stevie Wallstreet thinks differently and he'll let you know why. Plus, he's noticing a bearish development in the Dow and he breaks down a handful of charts: (GOOG), (AGN), (HHH), (PNRA), (BBH), (DNA), (AMGN), (CUTR), (BBY), (ISRG), and (NTRI).