Stocks are up slightly ahead of today’s FOMC finale followed by comments from Fed Chair Jerome Powell at 2:30 p.m. ET.
The Fed’s dot plot summary, a chart that records each Fed official’s projection for the central bank’s key short-term rate, will be in focus.
Market action is generally subdued heading into FOMC, so don’t expect a ton of action until after the meeting.
Gold is beginning to shift away from the eight-day exponential moving average, so it’s fine if you’re holding it but I wouldn’t buy any gold right now because your risk-reward is reduced.
Tesla (TSLA) got an upgrade and an approval from California for passenger transportation, and the stock is up 3%…
Is this the beginning of a turnaround?
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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