Low volume means suspect rally: Dont be surprise

Many of you might be having question why is stock rallying after lowest confidence level at 44.5 where consensus was 54.5 This is suspect rally. Wait for FOMC meeting at 2 pm EST to see changes in rally

I think even big announcement by Mr. President isn't going to help. Just an example Sept 6 : President Speech about creating 100000 job. It will take atleast 4 week before the job can come's into market. Hiring will take atleast 3 week time. Another 1 month before the employee get paid to bring the money into market. So it week take atleast 12 week or 3 month for any result. The main problem right now is lay off. The lay off is because of less demand in the market and Bank not helping the small Business. Lay off will add more Jobless people in the market.

The way to solve this problem in three steps:
1. Stop sending job to China,
2. Stop laying off 3. Bank lending loan to small business.

Adding billions of dollar into wall street will only evaporate with time. Real job will come from small business.

The focus for today will be
1. ICSC-Goldman Store Sales: Store Sales - W/W change 0.1%
2. Redbook:
3. S&P Case-Shiller HPI:
4. Consumer Confidence:
5. State Street Investor Confidence Index:
6. FOMC Minute:

Remember one should not hold on if the market changes to upside or downside, and don't bring emotion while trading. If the market is rallying there is nothing wrong in taking advantage and reshuffle some of your position and always keep some cash in hand to take advantage of such rally.
I still think GLD is worth holding.