Expect a roller coaster

Good morning folks, 
We get an announcement from the Fed today. We will likely have some choppy action prior to the announcement and then we typically get an initial reaction once the announcement comes out leading markets in the wrong direction. Then once people start absorbing what the announcement means and how it will impact the economy the market begins trading accordingly. 

We have had a tremendous run indexes are getting a bit extended and we are running into resistance that doesn't mean we can't run farther it just means you need to be careful as valuations are being stretched a bit. 

Take FB which reported great earnings if you watched this weekends video I suggested that it may already be priced for perfection. FB is a great company and likely a good investment for the long haul but their costs are going to go up significantly as it grows its business. Guidance is impacting the stock and it will likely overshoot to the downside creating a nice buying opportunity. 

Yesterday was a great day for the watch list from this weekend. Hopefully you were able to capitalize on at least one or two form the list. 

Stocks on the radar this morning
CARA recent IPO active yesterday follow through today halted news pending, AKS already a swing sympathy play to X,  UNIS active premarket careful can be a pop and flopper, BAXS potential continuation penny play, HNR potential red to green, ARC 10 dolla roll, NNA fast money pump I like the daily shippers seem to be trying to bounce, TSEM pr possible 10 dolla holla, MEIP smoking hot daily thin one pr Very early stage Bio just a day trade and needs big volume for me to play, 

LOCO and FEYE both strong yesterday looking for continuation, 

SZYM, CLF, CLNE, potential continuation plays   

Small oils on my radar 
EXXI, MHR, GST, HERO, MPO, XCO AXAS

JNUG on my radar for post fed announcement 

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Today's Markets:
In Asia, Japan +1.5% to 15554. Hong Kong +1.3% to 23820. China +1.5% to 2373. India +0.8% to 27098.
In Europe, at midday, London +0.7%. Paris +0.3%. Frankfurt +0.7%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.2%. Crude +0.6% to $81.91. Gold -0.1% to $1228.40.
Ten-year Treasury Yield -2 bps to 2.28%

Today's economic calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $35B, 5-Year Note Auction
2:00 PM FOMC Announcement

Notable earnings before today's open: ACCO, ADP, AIT, ALKS, ALLY, AMED, ARW, AUO, AVX, BAH, BDC, CCJ, CFR,CKSW, CMC, COT, CTCM, DXYN, ETN, EVER, EXC, GHM, GRMN, GT, H, HES, HSY, IACI, ISSI, JLL, LFUS, MHFI, MRGE,MTH, NVMI, OMG, PAG, PB, PSX, PSXP, PX, RES, RL, ROL, RYAM, SEE, SKYW, SO, SODA, SPW, SPWR, STM, TEL, TFX,UAM, UBSI, VLY, WEC, WLP, WM, XRAY

Notable earnings after today's close: ABX, ACGL, ACHC, ACMP, AEGN, AEM, AFOP, AHL, AIZ, AKAM, ALDW, ALL, ANIK,ARAY, ARII, ARRS, ASGN, ATML, AUY, AXS, BGC, BIDU, BLKB, BMR, CACI, CALX, CAR, CATM, CAVM, CBG, CBL, CEMP,CENX, CHDN, CJES, CLD, CLUB, CMO, CNW, CRL, CRUS, CSGP, CSII, CUZ, CW, CWT, DAC, DRE, DRIV, DWA, EQIX, EQY,ESRT, ESV, EXL, EXR, FBHS, FFIV, FISH, FLEX, FLTX, FMC, FNF, FORM, FORR, FR, GLUU, HBI, HOS, HT, IPI, IRG, ISIL,JDSU, KEX, KRFT, KS, LGCY, LNC, LOCK, LOPE, MAA, MANT, MASI, MDAS, MEOH, MET, MOBL, MTGE, MUR, NCLH, NE,NEU, NEWP, NSIT, OII, PDM, PEIX, PGTI, PPC, PRXL, PSMI, PVA, QGEN, QTM, QUIK, RFMD, RGR, RJF, RNG, RRC, RRTS,RST, SCI, SFLY, SGI, SIMO, SLCA, SPN,

Best of Success!