Home Stocks Trading Advantage Stocks – Fairly Quiet

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It was a fairly quiet trading day yesterday. While we did have a successful turnaround Tuesday, the market action was a bit flaccid. With the indicies struggling for gains throughout the day, it maybe traders were staying on the sideline waiting for the news. With the detail release of the tax reform, the conclusion of the FOMC meeting and the anticipated announcement of the new FED Head, traders were passive on entries for the day. While pockets of equities were making strong moves like our CREE, the majority of the stocks sloshed along on small gains and losses. We could see more of the same until this afternoon when the FOMC announcement is out at 1pm cst. However the last few announcements offered very little volatility. We may see more activity and it may come with a flurry of buying. I suspect the markets continue to try and rally for the rest of the week. In fact, it wouldn’t surprise me to see some blowout buying based on the news events. The selloff is always on the table but at this moment, I believe the bulls will run away with it this time. Open Position: YELP EOG RH MCD C CREE MXIM Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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