Online Stock Trading | Markets Await FOMC Rate Decision

Markets Await FOMC Rate Decision


Filed Under Market Commentary |

Stocks drifted higher on lighter trade, possibly waiting on the FOMC rate decision come Wednesday afternoon.  Once again, leading stocks took center stage and lead the rally higher.  The IBD 100 tracking index was up better than 1.7%.  A great sign of strength when the overall market moves higher.  There is no question that traders are being somewhat reluctant to hop in front of the FOMC however, it seems this time they are more apt to place long bets ahead of the meeting.

This is a great time to take a look at your portfolio.  Remove stocks that are lagging significantly, or are near cut loss areas.  There is no time to be falling in love with stocks or hoping they’ll come back to their glory.  It is best to part ways and move forward with stocks that are showing signs of tremendous growth.

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One Response to “Markets Await FOMC Rate Decision”

  1. Markets Await FOMC Rate Decision on November 5th, 2007 9:43 am

    […] (more…) Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. […]

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