Online Stock Trading | Its all about the Federal Reserve and the Target Rate

Its all about the Federal Reserve and the Target Rate


Filed Under Market Commentary |

There isn’t a reason in the world to focus on Friday’s trade.  Volume as continued to shrink leading up to Tuesday’s FOMC meeting.  Traders are unwilling to make large bets infront of the FOMC’s policy decision.  For most, the ones making predictions are the ones that will get burned the most, whether its on the short or long side.  The proper course of action is to grab the CANSLIM quality stocks that are breaking out of sound price consolidation patterns.  In addition, I would also have a decent amount of cash on the sidelines. 

More to come later.

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