Stocks are basically holding flat heading toward the close. The FOMC and chairman presser were not bad at all. The market action afterward is down a bit. We do like some and could enter, e.g. LRCX, ON, QIWI, . . . QIWI. Although we do like how QIWI is holding up.
Would rather see how they open tomorrow and work from there. Why? Because many times the market things about the FOMC statements overnight and reacts the next session.
That said, we will wait and see how tomorrow opens.
SP500 flat
NASDAQ -13.18, -0.18%
DJ30 flat
SP400 0.42%
RUTX 0.87%
SOX 0.21%
NASDAQ 100 -0.43%
Indices are struggling some coming into the finish line.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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