Daytrading to earn a living: Millionaires.

The number of people around the world with at least $1 million in assets passed 10 million for the first time last year, according to a new report. And their bank accounts are growing even faster.
The combined wealth of the globe's millionaires grew to nearly $41 trillion last year, an increase of 9 percent from a year before, Merrill Lynch & Co. and consulting firm Capgemini Group said Tuesday.
That means their average wealth was more than $4 million, the highest it's ever been. Home values were not included in asset totals.
"The growth of their wealth is outpacing the growth of their population, and that's a trend that's going to continue in coming years," said Ileana Van Der Linde, a principal with Capgemini.
The ranks of the wealthy are growing fastest in the developing economies of India, China and Brazil. The number of millionaires in India grew by about 23 percent.
The United States still reigns supreme when it comes to fat wallets, though: One in every three millionaires in the world lives in America. Combined, Africa, the Middle East and Latin America account for just one in 10.

Tracking the Dow on Wednesday.25/06/08.

9:30am--Spike up 30.0 points.

Ahead of the FOMC policy announcement at 2:15 ET on rates.. Just reported, durable good orders in May were unchanged, matching estimates, which follows the 1.0% drop in April

10:30am--Dragonfly Dojis.

Open buy,long position.Fed fund futures suggest a 90% chance the Fed will leave rates unchanged at 2.00%, and a 10% chance of a 25 basis point increase.Just hitting the wires, the Department of Commerce said May new home sales fell 2.5% month-over-month on a seasonally adjusted annualized basis, which follows the upwardly revised 4.8% gain in April. The results are slightly better than the median estimate that called for a drop of 2.7%. The current level of new home sales, at 512,000, is down 40% from the previous year.

11:30am--Shootind stars.

No sign of gap pullback covering. Crude inventories for the week ended June 21 unexpectedly rose 803,000 barrels, compared to the expected decline of 1.1 million. Just prior to the release, Crude was trading down 1.0% to $135.69 per barrel.
Stocks bounce to session highs on the crude data

12:30pm--Sign of shooting star second time.

Boeing (BA 71.76, -3.02) is down 4% after being added to the Conviction Sell List at Goldman Sachs, according to reports.

1:30pm--Bearish evening star.

The stock market heads toward session highs as market participants await the the Fed's announcement at 2:15 ET. The main candle pattern is a bullish shaven bottom.

2:30pm--Triple Shooting stars.

Sell,close position.The FOMC announced that it held the fed funds and discount rates steady, as the market expected. The fed funds rate is at 2.00% and the discount rate is 2.25%.
The Fed said upside risks to inflation, and inflation expectations, has risen. However, the Fed still expects inflation to moderate and will act as needed to promote growth, and keep prices stable.

3:30pm--The bears strike back.

Selling on the back of Fed's announcement.The Fed is likely to keep rates steady for quite a while, as economic growth will remain moderate at best for at least a few more meetings. Credit market conditions are also likely to remain fragile. These factors will inhibit any rate hikes. Addressing any uptick in inflation will not come immediately, particularly as the Fed expects inflation to moderate next year.

4:00pm--Graveyard Dojis.

A mixed closing with dragonfly dojis.