The bulls can't be happy with Friday's trading as the market sold off on slightly higher volume and started to eat into the post-Fed rally. In fact, the Nasdaq is basically exactly where it was the minute the Fed statement was released. The Nasdaq 100 has given back all of its post-Fed gains and then some. The S&P and Dow are faring a little better but the people who bought into the Fed ral

BTU is the situation that I just hate -- above its 200-day moving average and below the 50-day average. It has just completed a rally from the 200 to the 50 and appears to be stalling out. While it's broken the May - June downtrend, it has yet to take out the early June high.

I think there are easier plays out there right now. Remember,

It looks to me like the party's over for Pacific Ethanol. It's had a nice run the last couple of weeks but it's running into resistance around $25. What really bothers me about the chart is all that volume in April and May at higher prices. IMHO that shows a lot of overhead resistance from people who bought back then and are probably looking t