Online Stock Trading | Stocks surge ahead of FOMC policy statement

Stocks surge ahead of FOMC policy statement


Filed Under Market Commentary |

The stock market certainly has given investors a run for their money.  Durable goods started the day on a disappointing note but the NASDAQ didn’t care.  Never looking back the NASDAQ ended the day higher by 1.21% with volume slightly lower.  Over on the NYSE volume ended higher with S&P 500 stopping just short of its 50dma.  All in all a bullish day for stocks. 

Looking at some stocks that are building bases is RNIN.

RNIN.JPG

3 year Sales growth:  73%
3 year Sales eps:  Unknown
23% of 52 week high

Other notable competitors:
AQNT
FMCN
DGIT
VCLK
TFSM

Outside of individual stocks there will be a microscopic view of the FOMC’s statements tomorrow.  I would expect to see light volume trade going into the 2:15pm EST release of the FOMC policy statement. 

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