Good morning folks,
So
"patience" was removed! However,>>
" just because it was removed it does not mean they will be impatient" According to miss Yellen. Removing patience from the statement while the rest of the statement was fairly dovish. Accordingly the markets rallied, the dollar fell and commodities had a decent bounce. As the fed moves forward they will be
"Data Dependent" This statement has everyone confused since the Fed keeps changing their view on which data points really matter.
Needless to say, the market responded very well to the statement and once again we appear to be off to the races. We have a bit of a small pullback this morning but that should be expected after yesterdays run.
Stocks on my Radar
SSNI Stalking this one for awhile now looking to take a swing,
CNDO pr active premarket decent daily wait for a setup,
RTRX priced their offering @ 19 see how it trades,
SYN pr can be a pop and flopper buy getting a little action premarket,
SLTD pr very thin contract news > don't chase,
FOLD Gapper 52 week highs off
of pr let it set up,
CORT possible continuation,
VDSI pr >nice bounce off support on the daily,
CERU possible continuation earnings are next weak nice breakout yesterday,
CBMX pr can be a pop and flopper so be careful news looks pretty decent though,
SMLR pr very thin nice looking daily though,
APPS raised revenue above expectations another hot daily possible 4 dolla holla,
HRTX pr smoking hot daily phase 1 news be careful,
HIIQ earnings possible flat top break out thin trader EXTREMELY thin stock do not chase it,
CNBC in the News
 | IN THE NEWS TODAY |
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| U.S. stock futures were lower in early trading, after Wednesday's earlier losses turned into strong gains on indications from the Fed that an interest rate hike could come later rather than sooner. (CNBC) |
| Many economists had expected the Fed to move in June, while more had expected September. But now, the fed funds futures suggest the odds of a first hike in October have increased. (CNBC) |
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 Billionaire value investor Mario Gabelli joins CNBC's "Squawk Box" until 9 a.m. ET to help make sense of the Fed and share with us where he's putting his client's money. |
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| Energy entrepreneur Boone Pickens joins us at 8:10 a.m. ET with his views on the oil volatility and the role for U.S. producers in the global market. |
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| With April 15 only weeks away, nearly half of all Americans don't know they're required this year to declare on their tax returns if they have health insurance, a survey released today reveals. (CNBC) |
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| Streaming music services such as Spotify have eclipsed CD sales, and are closing in on digital downloads as the largest source of revenue in the U.S., the music industry's biggest market. (FT) |
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| BY THE NUMBERS |
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| Data expected today include weekly jobless claims and the current account, at 8:30 a.m. ET. The Philadelphia Fed survey and leading economic indicators are released at 10 a.m. ET. Meanwhile, Dow stock Nikeis out with earnings after-the-bell this afternoon. |
| Foreclosure activity fell last month to the lowest rate in nearly nine years, as banks started the process on fewer homes and scheduled fewer auctions than in the previous month, said industry firm RealtyTrac. |
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| STOCKS TO WATCH |
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| Yahoo (YHOO) is closing its Beijing research and development center and leaving China in a new cost-cutting move. The company said the Beijing office's functions would be consolidated in other locations. |
| U.S. regulators said Bank of America (BAC) must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business. |
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| Citigroup (C) cut CEO Michael Corbat's annual compensation by more than 10 percent in 2014, citing high legal expenses and the bank's failure to win regulatory approval for its capital plan in last year's stress tests. |
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Seeking Alpha
Today's Markets:
In Asia, Japan -0.4% to 19477. Hong Kong +1.5% to 24469. China +0.2% to 3582. India -0.5% to 28470.
In Europe, at midday, London +0.2%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.1%. Crude -2.3% to $45.56. Gold +1.3% to $1165.80.
Ten-year Treasury Yield -11 bps to 1.95%
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