If you have never before paid attention to Fibonacci Retracement Levels, I would strongly consider paying attention to the S&P chart in the post below. This chart shows, 2 years later, a consolidation and breakout that could have been predicted in March of 2009.

Elections go fairly close to plan with the GOP capturing Congress and gaining ground in the Senate. Today we face the FOMC meeting results relative to QE2 and the plan looking forward. No big surprises expected from the Fed as the meeting concludes today.

Our review of 28 stock trades made during the week with 22 winners and 6 losers - not bad for a choppy market!

Yesterday on CNBC, Ron Insana (who is now my colleague at theStreet.com even though I’m quite certain he’s never read anything I’ve ever written) commented that individual investors should not be speculating in the currency markets using leverage and futures products. He seemed to be saying that even currency ETFs probably are unnecessary as well.