Online Stock Trading | Fed, Fed, Fed, Fed

Fed, Fed, Fed, Fed


Filed Under Market Commentary |

215 can not come fast enough!  The market has setup to confuse most players.  We are in overbought territory and our once leader the NASDAQ is now lagging.  To add to the confusion we’ve had a low volume rally off our most recent lows. 

I am expecting the action happening now (10am EST) will continue right up until the Fed announcement.  Either way, I’m not doing much trading at all today.  In fact, I’ll be sitting back and watching the action as I’ve already positioned myself for today’s action.

Each day, one should have a plan of action.  Mine today is to sit tight as I did not see any opportunities for my own personal portfolio!  Once we get today’s Fed Announcement I am sure we’ll have a more clear picture if this confirmed rally has any steam left.

Enjoy the trading action,

Market Speculator

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