Home Stocks Trading Advantage Stocks – FOMC Sheds Some Light

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The FOMC shed some light on what they maybe looking to do this year. It was a slight surprise hearing they’re looking at 4 rate hikes this year starting in March. They also said they expect inflation rates to move higher this year. The markets reacted negatively and down she went. This was Janet Yellen’s last meeting as FED Chair and it was a doozy. After the markets unraveled and went into negative territory, the bounce came in and a decent and swift rally took place. We closed in positive territory across the board, but closer to the lows of the day instead of the high. Seeing how easily sellers have taken control and how quickly buyers are giving up on their positions, maybe we could see some sustained weakness. It’s a little more difficult to gauge during earnings season. What has been clear is how active trading conditions have become. Whenever volatility comes into play, it’s usually because the markets have been moving lower. We’ve seen that as of late and it’s been almost too easy for the short sellers. I suspect buyers can rip this market north and fully recover all recent losses in a day or two, but I’m remaining a little cautious for now. Maybe the bears are now waking up from their hibernation. Open Position: VFC LOW TWX SYNA SQ HLF STX LULU 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

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