TheStreet.com RealMoney
Ready Yourself for the Fed Whipsaw

By Rev Shark

About this article:
Fed decision days are always very tough to trade. We tend to be very steady in front of the decision, but if you are holding positions you'd better be ready for some quick whipsaws. The gap up to start the day makes it even tougher. It is unlikely we will pull back much before the Fed announcement, so if you want to add to positions you'll have to chase things a bit. We have very strong action out of the gate with about 3-to-1 positive breadth and all major sectors in the green. The dollar is weak, and that is helping the energy and commodity groups but there is buying across the board. I have a few smaller trades in things like HealthSpring and Electro-Optical Sciences , but I'm not likely to hold much for the Fed announcement -- especially if we continue to run...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username:   Password:
Forgot your Password? Click here

Page data is submitted securely.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.