The Fed Is Out Of The Way
The Federal Reserve raised rates by a quarter of a point, and the market reacted well to the news. The biggest laggards over the last couple of weeks were the biggest winners yesterday; Small caps and oils. The bank stocks lagged and that probably was due to Yellen’s comments about future rate hikes, they are not written in stone.
$WTW, $EXAS, $NTES, $QTNA, $LITE, $GS, $FIVN, are the stocks on my watchlist today.
We have an interest in these stocks if and only if they can get through yesterday’s high plus .10-cents, that is typically where our buy stops will be. This single criterion will narrow down the list to a handful of names unless of course, the market is super strong. You can also narrow down the list by float, price, sector, or whatever your preferences are.
These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks if not all go through momentum burst that lasts 1-10 days, that momentum burst is what we look to take advantage of.
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.
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