The Fed as expected did not raise rates; the market celebrated this event by gaining 1% on the day. As a matter of fact, mostly everything rallied including oil, metals, and bonds. Going forward this combination of gaining 1% and oil, metals, and bonds rallying after a Fed meeting has not been kind for future returns going out 10-20 days as you can see on the chart below. The initial pop was almost always retraced.
With that being said, we still have a decent amount of stocks that are set up properly that one can take advantage of.
XTLY, BREW, MIFI, DXCM, CVLT, Q, IMS, GRUB, TWTR, SAFM, BOFI, MOMO, QTWO, are the stock of interest on the long side if and only if they go through yesterday’s high.
No one has said it better than Stockbee; stocks move in momentum bursts that last typically 3-5 days. Within these short term burst, a small cap can go up 8-20% and large-cap $5 to $40.
My opinion and outlook are subject to change as new information comes in.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.