Wednesday Market Wrap

{+++} The Fed still wants to play in the sandbox, at least according to Ben Bernanke’s comments today. There is no inflation risk for now and joblessness is still rampant so why not?  Some say  QE may be reduced by year end, but the consensus seems to think free money will go in into 2015.

The market likes this stuff, and the DOW tacked on another 55 points today. The S&P is still around 17 points from the all time intraday high.

I added TEAR as a long today and you will find entry and stop levels on the P&L.

I’ll see you in the morning.