If people were expecting the Federal Reserve to give us fireworks, they were sorely disappointed. Fed chief J. Pal is not giving hyperbole.He's trying to balance price stability with job growth. And right now, the risk tilt against the ladder. As Pal told us today, the labor market is really cooling off.So, the widely expected quarter point rate cut made a ton of sense. But the market was all over the place after we got this widely telegraphed news. Dow gaining 260 points, SME dipping.1%, NASDAQ declining.3 ...

To gain an edge, this is what you need to know today.Rate Decision AheadPlease click here for an enlarged chart of SPDR S&P 500 ETF Trust SPY which represents the benchmark stock market index S&P 500 (SPX).Note the following:The chart shows the stock market continues to reach new highs.The chart shows the stock market is levitating above support.RSI on the chart shows the stock market is overbought.  Overbought markets are susceptible to a pullback.China's internet regulator has ordered Chinese companies to ...