Investing.com - Financial Markets Worldwide

Market Waiting On The Fed

Published 03/15/2016, 04:36 AM
Updated 07/09/2023, 06:31 AM
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"There are two types of people who will tell you that you cannot make a difference in this world: those who are afraid to try and those who are afraid you will succeed." --Ray Goforth

Pretty quiet markets today but a few stocks are moving well such as Amazon.com Inc (NASDAQ:AMZN) and a new position of ours, PSA.

I bought a few more today also, Netflix Inc (NASDAQ:NFLX) and Facebook Inc (NASDAQ:FB) look good and there are more and more buys setting up well, many of which were in my weekend letter.

We may see some quiet action until the Fed release later this week but chances of them raising rates are slim to none so we should be fine to move higher from here.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) was quiet but holding above the 200 day average very well and still looking for higher.

All in all, a nice quite day on very low volume as we continue to trend higher.

Enjoy your evening.

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