Macro Outlook
I take it all back: the Fed will not raise rates come the October FOMC meeting.

Find out if this is a good or bad thing tonight…

Market Trends
Taser International Inc. (TASR:NASDAQ) is having one of the best weeks ever. After announcing a large order from police departments in California, Arizona, and France yesterday, its stock jumped toward its 200-day Moving Average.

Today, more good news was announced. The company had its 23^rd product liability lawsuit (this one for wrongful death) dismissed by the U.S. District Court for the Central District of California, Santa Ana.

The dismissal occurred after TASR provided “extensive expert reports establishing that Roman G. Person's death was not caused by the TASER(r) device” and died instead of methamphetamine intoxication.

TASR jumped a bit higher in early trading this morning. I stand convinced that this stock (that was once a Wall Street darling) is in the throes of a comeback.

In other market news, the Dow Jones Industrial average has reversed course after the opening bell, down 44 points as I write. Although the Dow didn't post a doji candle formation as I expected yesterday, the Blue Chips are returning to the 10-day Moving Average, coming out of overbought territory.

Before the bell, U.S. non-farm payrolls were reported to have only jumped 51,000 in the past month.

Wal-Mart Stores Inc. (WMT:NYSE) is sitting at the close of yesterday's trading. I'll have a position update for WaveStrength Traders today on this position.

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