HOTT...

Am I referring to the market or the stock? Both? Obviously the market just loved the FOMC statement and both SBIB, my trade from Monday, and HOTT, my new trade initiated in the morning took off nicely. Some traders really worry about having open positions during FOMC, thinking the volatility and lack of predictable market direction does not provide a trading edge. On the other hand, I have made plenty of money by having open positions. I am not going to argue either side, just state that I've had success.

As I mentioned, I initiated a postion in HOTT yesterday. A great chart and a nice little rise at the open convinced me that this stock is poised to pop. I actually got a good price as well, so thinks are looking okay. My first target is lofty, but the chart supports the target price. My notes...
Also, a few stocks to watch today. I really don't have much expendible capital, but am still going through the motions. A, GPN, DG, and SHLD.

For now,
Masterjaz out