A week needs a lot of caution ?

After two consective days\' gain and comes up facing its 50 day MA, the market took a breath Friday. Under nomal circustance, it should be considered a good thing. however, this time, it comes too close to the FED decision, so, it is hard to tell whether it is the market that is in the working, or, people took no action until the direction of FED could became clearer.

Given the market action was largely news driven lately, the Tuesday\'s Fed decision looms even larger.

It seems that market expects a rate cut but place more doubts to the future cut, this is reflected in the trading of tlt, shy, tip. They all preemptily went downtrend. If that is indeed the case, then, we may see some profit taking next week.

So, the whole thing is hinging on the FED decision and its statement afterwords.

The IPOs from China seems getting cooler reception lately, Does that say the confidence of the street toward to chinese companies is fading? From the chart alone, it hardly show, so, either the company got hammered lately deserve a better price or the FXI is over-valued. Sounds like an arbitrage play.