Negative bias until the Fed announcement which led to a crazy spike up, then a sell-off in the last 15 minutes. Terrible day to trade no doubt (like most Fed days).

Notable New Lows: Parlux Fragrances (PARL), Journal Register (JRC), Jones Apparel (JNY), Warner Music (WMG), 3Com (COMS), UTStarcom (UTSI), Mylan Labs (MYL), Forest Labs (FRX), Sanmina (SANM), and Tenet Healthcare (THC).

Notable New Highs: Deckers (DECK), Chipotle’s (CMG), Blue Nile (NILE), Expeditors Int’l (EXPD), CostCo (COST), Wynn (WYNN), and eBay (EBAY).

I’ll feature a monthly chart of Wynn Resorts (WYNN) as it moves to an all-time high … up more than 10 times in a few short years.

It’s worth noting that the ISE Sentiment Index moved to its lowest (i.e. most bullish) level today in the last 52 weeks. As you all know, I’ve been a buyer recently.