Fed Up With Fed Talk

All this Fed talk is definitely making intraday trading tougher. It might not be as bad if we had one consistent message coming from the Fed, but we do not. It's as if there are 11 players in the huddle and 10 of them are calling for a pass, but each is calling their own play. One wants to throw a bomb, the other a screen pass, another a short throw over the middle, and only Brian Stafford wants to run the "fumblerooski." In the end, folks are running all over the field and crazy things can happen until you get back into the huddle. Unfortunately, those crazy things are called market hours. The transparency has gone beyond transparency and into a stream of consciousness from each Fed governor.

The WisdomTree Japan Hedged Equity (DXJ) has my attention again. I have mixed signals from the daily and short-term charts when looking at the moving averages, but after stripping those out, there is a more attractive daily chart in the midst of a wedge formation. I wouldn't jump the trigger though, not on Japan. I am looking for a break higher from this wedge and preferably on a closing basis....71 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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