The market is trading lower in the afternoon ahead of the FED rate decision meeting at 2:15 pm. Volume for Nasdaq and NYSE are on-track to be lower than Monday's pace. The light volume to the downside is not too significant to the traders. Unless the volume starts to accelerate to the downside after the FED announcement. Then we will have to worry about what positions to sell. In the meantime, sit tight.
Today the worst sector is the steel group after one of the sector heavy weight (NUE) announced slower growth for the company. It is the sector to be avoid for now.
Today's Stock Movers at 1:10 pm EST
Volume Momentum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(PAY) 36.91 +1.01 +336
(HANS) 34.45 +1.40 +186
(MICC) 60.54 +1.86 +145
(CRM) 39.81 +1.26 +138
(WBD) 53.10 +0.70 +59
Stocks Down:
(MTXX) 16.28 -2.11 +958
(COO) 49.70 -2.97 +918
(BBY) 51.24 -2.68 +855
(SEH) 25.40 -4.72 +660
(IYM) 59.50 -1.14 +619
Tags: stocks midday
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