So the long-awaited Fed FMOC meeting ended today with the Fed staying with their plan to end QE this month. So they didn’t cave when the market was selling off. They stayed with their plan. In the spirit of Halloween, no treat…they must know that a trick is coming. Continue readingShare This:
The market started the process of waiting on the Fed today. The DJIA was up 12.49 pts today. The range from high to low today was the smallest since September 30, 19 trading days. Continue readingShare This:
No trade ideas video today as there is no change to be discussed. I am holding to the two trade ideas on FSLR and TWTR as stated on the Trade Ideas page.
Yes there are a couple of possible trades to buy calls, but I do not consider them high probability in the current market environment.
I am closely watching: ADBE, CTRP, FB, GMCR, LULU, MU, RAX and SNDK. Most of these I have discussed in prior videos.
I will be back with a market analysis on Monday evening. The big economic event for the week is the FOMC meeting on Tuesday-Wednesday with the press release on Wednesday at 1pm CT usually followed by a press conference with Janet Yellen.
Have a great week!Share This: