A new dynamic in the market to consider

There is a new dynamic traders need to contend with.

In the past, presidents would wait for the market to close to make policy statements and speeches that might have an effect on the markets.

It seems, President O'bama makes these statements whenever he wants with little regard to the markets. His office announces an upcoming pronouncement and the market stalls until his remarks become known.

I'm not a big one on conspiracy theories, but this has the effect of giving some individuals or institutions a sizable advantage.

I suggest anyone trading the indexes to be aware of this new "Oval Office Effect" that causes periods of sideways movement and then reaction.

http://www.reuters.com/article/2013/05/01/us-markets-forex-idUSBRE93E00320130501