Today´s Trading September 17, 2013


The Ndx-100 closed 0.70% positive marking a 13 year high as market participants are expecting tomorrow´s taper announcement to be modest.  Reuters mentions that U.S. Stocks advanced on Tuesday on expectations the Federal Reserve will make only moderate changes to its stimulus that has been highly supportive of stocks and other assets at the conclusion of its two-day meeting. We still believe that as the Fed begins to taper, bond yields will rise causing the economic expansion to slow, thus stocks should correct. On the energy front WTI OIL closed near 105 tumbling to multi weeks lows as an attack on Syria might be averted and the output resumption by a large field in Libya.

Today´s Profit USD 1400 (Portfolio Size: USD 25,000)

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