FOMC day, markets higher – 7 stock picks for 11/18/15

The markets rejoiced FOMC minutes with +1.5% close on major indexes with Nasdaq outperforming. The minutes showed that rate hike next month is very likely. It was a slow day for us. eStockPicks algorithm picked 7 stocks for day trading: 5 longs, 2 shorts

  • 3 wins: $YNDX $PACB $LPI
  • 2 evens: $HTZ $BYD
  • 2 loss: $IRDM $EVER

Stock Market closed at: DOW +248, SP +333, NASDAQ +89. It’s harder to trade on FOMC days with the low volume and erratic price action.

 

Stock Pick: YNDX Type: Long (buy) Price: $16.84

yndx stock market alert

Stock Pick: PACB Type: Long (buy) Price: $8.34

pacb stock picking service alert

 

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2 Comments

  1. jim November 19, 2015 at 10:05 am - Reply

    This question is for any seasoned trading vet. What online broker do you recomend for swing/momentum trading? I have traded before back in the late 90’s with (datek online) did well till i deviated from my system (got greedy with margin)

    • eStockPicks November 19, 2015 at 10:56 am - Reply

      Hi Jim,

      You might want to look at InteractiveBrokers, ScottTrade, TradeKing among others. They all offer good trading platforms.

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