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.