- New Trades -
(December 20, 2015)
I cautioned readers to expect a lot of volatility surrounding the Fed's interest rate decision on Wednesday. The market did not disappoint. The sell-off on Thursday and Friday was pretty brutal. With only eight trading days left in 2015 we could close this year in negative territory (for the S&P 500).
Last week we did see KMB graduate from our watch list to our active play list. Tonight I am adding GE as a new watch list candidate.
No new trades tonight. The market's sell-off may not be over yet. Normally when the major indices close on their lows for the session on a Friday the next Monday tends to open down.