MomentumOptionsTrading NewsFlash for 9/23/09: Fed Holds Rates

2:40pm (EST) The Fed left rates unchanged and they expect them to stay low for quite some time. The vote was unanimous and the market has rallied off of the news. The Dow is currently up 50 points to 9,880 while the S&P 500 is up 4 to 1,076. The Nasdaq is up 10 points to 2,156. The way things are looking, I wouldn’t be surprised to see Dow 10,000 this week. Subscribers, check the Members Area for the trade updates for Research In Motion (RIMM, $87.47, up $2.61) and ChangeYou (CYOU, $40.80, up $2.87) NOW. Rick@MomentumOptionsTrading.com]]>

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MomentumOptionsTrading NewsFlash for 9/23/09: Fed Holds Rates

CFTC Disclosure: