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After a positive start, we meandered for the bulk of the trading day until the late day super snapper.

Today's final hour move was sure a sight to behold even though we've only just climbed back to the same levels we were just one week ago. As you can see, we had strength across the board:

Within the ETFs, the biggest gainers were ProShares Ultra Real Estate ETF (URE), iShares MSCI South Africa Index Fund ETF (EZA), Rydex 2x S&P 500 ETF (RSU), ProShares Ultra Dow30 ETF (DDM), ProShares Ultra Technology ETF (ROM), ProShares Ultra S&P500 ETF (SSO), ProShares Ultra Oil & Gas ETF (DIG), ProShares Ultra Basic Materials ETF (UYM), iShares MSCI Emerging Markets Index Fund ETF (EEM), ProShares Ultra QQQ ETF (QLD), iShares MSCI South Korea Index Fund ETF (EWY), & iShares FTSE/Xinhua China 25 Index Fund ETF (FXI) which all gained more than +20% on the day. Wow!

I started the day saying that "there’s a large amount of hope that we’re going to rally hard into the Fed meeting (the worst is now over) and we’ll certainly need to see a lot of strength out there to confirm that expectation." Today was certainly a good start - now let's see if they can really blow the doors out tomorrow. Have a great evening!