Market Taking a Breather Before FOMC

Posted on Feb 22 2017 - 12:08pm by Dan

We’ve had an incredible run in stocks as of late.  It’s been a while since I’ve seen a January or February quite like this to tell you the truth.

Earlier in the day, I closed out that previously mentioned CECO trade for a scratch, plus costs.  We are still long on PGX, LOW, XRX and PFE.

The markets seem to be taking a bit of a ‘breather’ and resting before the release of FOMC minutes a bit later.   Most of our processes are waffling around a little bit, intra-day. We’ll have to wait to see what impact, if any, FOMC has on this steam-train

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1 Comment so far. Feel free to join this conversation.

  1. mappy February 23, 2017 at 9:02 am - Reply

    Gasoline stocks higher? Don’t matter.

    Oil supplies at record highs? Don’t matter.

    Oil heading higher.

    Gold/sliver higher.

    Rates higher in March.

    Stock market higher in march.

    Buy everything.

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