FOMC Announcement Doesn’t Seem To Help
January 31st, 2008It looks like yesterday’s FOMC announcement isn’t helping matters much. The market looks poised to gap lower at the open today. My preliminary premarket watchlist contains:
- ADBL
- AMZN
- ARAY
- CDNS
I made one breakeven trade yesterday in HTCH (like Eyal and OONR7). I got ansy right after the fed announcement and bailed. I also had a call at 3PM so I knew I would be distracted. Looks like I should have held to the close. 
Here’s the chart:
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