Editors Note:

The Fed decision on Wednesday may be anticlimactic but it should still produce volatility. The market typically rallies ahead of the Fed but then declines after the announcement on a sell the news event even when the news is good. Add in the concern over the Brexit vote the following week and the market could see some significant downside volatility.

I am not adding any new positions to the watch list because any move higher from here is highly suspect for a failure and any move lower would be damaging to a new play.


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Active Watch List Play Descriptions:


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