3/15 – 1:15 p.m. New York time
I did my analyses and entry trades earlier than usual today. I shall be breaking away from the markets early to meet a commitment. The stocks analyzed are DG and ORCL. Earlier in the day I exited IONS for a profit.
I prefer to enter positions nearer to the closing bell, and especially on those days when the Federal Open Market Committee makes an announcement. I feel comfortable rushing it today because the markets have priced in a 95% chance that the fed will raise its target rate from 0.75% to 1%. Not much room for surprises.
The market’s pricing in of Fed action came from a tool posted by the derivatives markets company the CME Group.
3/15 – 11:17 a.m. New York time
I have exited IONS for a profit and shall update the analysis soon with results.
3/15 – 9:30 a.m. New York time
I’m looking at two earning plays today: DG and ORCL.
By Tim Bovee, Portland, Oregon, March 15, 2017