Its close to the year end and Christmas definitely will be one of the greatest events on earth. Hopefully the coming Christmas season could comfort every one while the newspaper has covered with bad news, crisis and possible close down event. 

FED has finally decided to cut its rate again, and this time - almost zero. It was 5% almost 2 years ago, FED gradually raised its rate from 1.0% in 2004 to 5.0% in 2006, but the drop from 5% to 0.25% was drastic for almost within 1 year period. This will be the last measure that provided by FED to boost the economy.

Fed slashes key rate to near zero

Looking at the market recently, it has been moving sideway since mid October and we have seen some upward strength for the market, it could be still a temporary upward trend for short term as the market sentiment is still very bad.

Almost all the three major index DOW JONES, S&P, and Nasdaq composite show strength recently and exceed its 50 moving average. Slow stochastic and MACD is moving upward gradually. Volume is building up for buyer especially after the FED announcing the rate cut news yesterday.  

I would be still doubtful and cautious about the recent uptrend, for long term investment, I think it will be good for buy in some share to keep, but for short term trading either stock or options, this uptrend could short term gain. 

Happy trading!