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Daily Game Plan: Pre-Fed Rally
Markets gapped slightly higher this morning but the buying continued right from the open.  Indexes made their daily highs near lunchtime but we’ve since consolidated sideways as the bulls remain in control.  At current levels the Nasdaq is leading the charge up 1.6% on the day with the Russell 2000 (INDEXRUSSELL:RUT) and S&P 500 (INDEXSP:.INX) both up about a percent each.  The Nasdaq (INDEXNASDAQ:.IXIC) outperformance can largely be attributed to significant strength in Apple (NASDAQ:AAPL) which is higher by about 3%. While bonds are significantly lower it’s a bit surprising to see commodities weak today especially ahead of the ...
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