Market Commentary sent to Timer Digest on Friday May 2nd, 2008
Fari Hamzei
As we wrote last night for our MSA List Members, we felt that early this week, FED knew the April NFP will come in better than consensus estimate and that is why they signaled they may be done lowering rates for now... historically, any time FED stopped lowering the FF rates, it boded well for all Equities. So, STAY LONG as SPX yesterday broke a multi-month breakout channel...
and Trade with Courage.