When news and technicals collide we have days like this.

On Friday I wrote a post asking when was the last time news matter?  Later in that day Anthony Crudele (DELI) wrote a post about how he saw the S&P 500 at a critical point.  That post was an extension of  post he wrote “Is the VIX signaling a correction?“.

We argued a little bit and as he explained I realized an important lesson.  I was so focused on the news not mattering I did not see that the big picture story was changing.  I was aware that of the big picture technicals but was not seeing how it was interacting.  Both news and technical coming together to cause a correction.

We discuss this as well as trading the FED.   You can find Anthony on Stocktwits, Twitter, and website.

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This originally appeared on July 2010 It seems like there has been a steady stream of information and opinion flowing...

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