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Top of the morning to you. Markets are backing off a bit today, as they haven't been able to muster enough follow through to break much above their three day high. It's pretty logical since we've been saying all along 2638 - 2660 on the NDX was going to be a pretty tough nut to crack, and so far we're right on point. The NDX managed to reach 2633 yesterday before backing up yet again.

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We wanted to wait until the Fed announcement today just to be sure there wasn't a significant shoe dropping that would adversely affect the market's landscape right now. The Fed left everything unchanged, which is no surprise to us. Again, the media played it as a much bigger deal than the actual result. The market pretty much expected in advance what the Fed ultimately ended up doing... which was nothing.

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Congrats if you acted on our suggestion to purchase call options on your favorite index ETF yesterday, regardless whether you purchased this month's call options or a few months out, you should be nicely in the money today with potentially more profits to look forward to. Although we are still subject to some volatility, it appears our target of 2638 - 2661 on the NDX is still very much on the table.

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If you are a Father, we hope you had a great day yesterday. Once again, the media has overplayed Europe's impact on the markets with Greece's election yesterday being nothing short of a non-event. The media built it up all last week and now they have nothing to work with other than talking about who won and who lost. Last time I checked, the rest of the World's markets never seem to make a huge deal about our own elections here at home because at the end of the day, nothing affects a country's financial landscape more than what happens in their own country, which is something we've been saying now for a long time.