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Stocks Moving Higher On Fed News

Published 03/17/2016, 04:12 AM
Updated 07/09/2023, 06:31 AM
SPY
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AMZN
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CRM
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"The starting point of all achievement is desire." --Napoleon Hill

A pretty quiet day as expected until the Fed announced no rate hike and that they are only looking at 2 hikes instead of 4 this year and even that may be a stretch but time will tell.

Our stocks are working very nicely and I bought a couple more today, Salesforce.com Inc (NYSE:CRM) and PayPal Holdings Inc (NASDAQ:PYPL).

Amazon.com Inc (NASDAQ:AMZN) did selloff late today quickly on a news article that I don’t see as relevant but it’s still above my buy level so I held, but otherwise, our trade plan is working.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) is moving well with the next major level to watch at 207.50 but we do have a gap fill area to keep an eye on at 203.80 or so, so let’s see how the action is there.

Enjoy your evening.

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