A Perfect Storm For The Market?

Next week, some large cap tech stocks are schedule to report their earnings, and the FED is meeting to decide the next move on US interest rate along with lots of economic reports. It could be lining up for a perfect storm for the market to make a big move in either direction.

In this video, we will look at some possible price action for the market and the following momo stocks: AAPL, FB, AMZN, GOOGL, TSLA, NFLX & TWTR.

Coming Through

The market is coming through the level we've been monitoring, the September 2015 FOMC pivot high. Last week, market did a minor pullback after five consecutive up days and then it resumed it's upward move toward weekly OpEx. Next week, FOMC will hold its March meeting and the anticipation is there will not be another rate hike in March. As the meeting approaches, the market could experience an increase in volatility. Therefore, one should remain cautious and do not attempt to trade in front of the FED as anything can happen. Always expect the unexpected.