How to Trade the Market Going Into the Fed's Announcement

Includes: DIA, QQQ, SPY
by: Leigh Drogen

I sat down last night with Frank @zortrades and Jason @wwwstockrake to discuss how they are positioned going into Wednesday’s festivities. I think across the board we all agreed on two things, it’s best to lighten up into the announcement, and the fact that the market is losing momentum.

As well, we’re all seeing that the list of good long side setups has really diminished and needs time to rebuild. For the first time in a while we did discuss some short opportunities if the market starts to roll below its 20 day moving average.