FOMC Rate Hike Decision 12-16-15 | Stocks to Trade

FOMC Rate Hike Decision 12-16-15Many students are surprised I don’t trade interest rate decisions. I also don’t trade options expiration days.

In my experience, my edge is small, so I don’t take risk. How about you? Do you have an edge that justifies a trade at 2pm today?

Day trading an FOMC announcement is a decision to make before the day starts.

If you make that decision, after the announcement because of the volatility, you deserve to be separated from your money.

Serious traders, smart traders, preserve capital with their choices as much as with a stop loss. The real risk in a trade is the quality of the idea.

Before you place a trade at 2:05pm today, be honest if it’s a great idea. Be smart, have patience. Let the dust settle, and then trade the last 90 minutes if you feel the need.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

FOMC Rate Hike Decision 12-16-15

Day Trading Game Plan: The SPY ETF Outlook

The $SPY is at the perfect storm of indecision: 50% retracement (200-212), 20ema and the 50 sma resistance, and it’s stuck in the middle of the 8 week trading range. No bias, charts are out the window here…FOMC is the catalyst.

(click the chart for a full view)

FOMC Rate Hike Decision 12-16-15

Pete’s Notes:

  • Financials find a bid before the FOMC. A holiday gift appears to be on tap today.
  • Basic materials see an oversold bounce. Does it have legs?
  • Interesting to note FB and AAPL do not get bullish interest for the day.

Technical Analysis | Charts of Interest

JNJ Johnson and Johnson

We have stalked JNJ for a few weeks now and finally see two days of buying with good volume. The key trigger is price closing above the $103 level. The first target is $108.51.

(click the chart for a full view)

FOMC Rate Hike Decision 12-16-15

 

Crude Oil Prices Rally 12-15-15

FOMC Rate Hike Decision 12-16-15 | Stocks to Trade

> 20sma | positive week | closed 2% higher from the open: ILMN, MNK, EXPE, TMUS, XOM, CVX, EA, PYPL, JAH

<20sma, negative last 5 days and closed 2% lower from the open: yelp, mmm, crus, twtr, fl, lng, de, ua, hfc, cvs, bhi

Bullish Ideas ATR/Volume/Price: EXPE, CVX, EA, CTXS, AMGN, TRIP, FSLR, EL, ACE, ADBE, MCD, QUNR, HD

Bearish Ideas ATR/Volume/Price: lg, mmm, ua, hfc, aapl, hon, utx, hca, cmi, twx, thc, gme, dvn, wmb, etp, cf, clr, mpc, apc, lvs, xon

Weak Stock Weak Close: bhi, hbi, hfc, lng, mmm, twtr, ua

Strong Stock Weak Close: BXLT

Weak Stock Strong Close: fti, sm, cma, bx, csx, oke, wwav, mos

Strong Stock Strong Close: EXPE, ETFC, CTXS,

20 day Breakdown: dhr, hfc, lng, m, mmm, yelp

20 Day Breakout: ADBE, BMY, CCL, COH, CSIQ, CVX, DUK, EL, EXPE, JNJ, K, PG, VRX

2x Normal Volume: NWL, JAH, MMM, BHI, FSLR, HAL, YELP

Watch List Longs: CVX, AMGN, BMY, JNJ, KO, MCD, INTC, ADBE, MSFT, KLAC, DAL,

Watch List Short: adm, bby, slb, bhi, hon, axp, akam, lvs, ntap, m, tol

Inside days: etp, mat, dvn, aal, hlt, apc, ntap, twx, brcm, jblu, clr, gps, swks, jwn, wy, stx, bby, ncr, avgo, wdc, urbn, mar, cmi, akam, dhi, skx, anf, nue, bbby, tol, rax, ftnt, thc, car, vmw

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