Market Rallies After President Speech
President Obama gave a speech in Ohio this afternoon regarding more spending on national infrastructure projects. The major stock indexes had sold off prior to the speech after the Federal Reserve Bank's Biege book was released at 2:00 pm EST. However, the market seemed to embrace the President's speech and rally right back toward the highs of the day. Many traders and investors are calling the President's plan "Stimulus II." However, the administration is calling the spending plan "Project Recovery." Either way it is just more spending and a nice play on words. In any case the market has reacted positive to the news so far. Get in-depth analysis, along with exact entries/exits, swing trades, scalp trades, even our proprietary cycle work, join our Research Center or Intra Day Stock Chat NOW and enter the ranks of the Pros!
see chart:http://www.inthemoneystocks.com/userfiles/image/spy%209_8_10.bmp
