Double whammy...

An exciting day for the markets and my short-term portfolio. I boldy, and possibly foolishly, decided to take two positions ahead of the FOMC announcement today. The markets were highly volatile after the announcement and I am happy I did not lose as much as I might have...

As for the trades, I took positions in PEET and ROST (both consumer discretionary, yikes) after good mornings and all my criteria were met. My notes should explain it all...

PEET:

ROST:
A couple notes about these trades. It appears PEET followed the general market exactly after the announcement. Therefore, given it's proximity to the stop loss, a down market may force me to sell the stock. Also, I revised the ROST stop loss as it was far too tight, so I dropped it to $23 even, a <0.5%.

As for any trades for the morning, I did not see much in the charts. Most charts were overbought or just did not meet my criteria. It's all okay given the two positions I already have in place. I'll watch these trades and hope for a strong opening.

For now,
Masterjaz out