An interesting juncture here in the market. FOMC is Wednesday. If you’re booking for a bold play post FOMC, then I would sell strength/ go short/ buy puts after the FOMC into any rally. This only applies to a rally post FOMC. If the market drops I won’t chase it lower.


The actual rate decision I don’t think is that relevant. I would sell a rally in any rate decision outcome. Another factor is we are coming into earnings season. The last 2 quarters have been somewhere between uneven to disappointing with fewer upside surprises. So it is a bold move to short, but I think it is worth a shot. I would look at DELL as a candidate for the short side.
Thanks,
Joe
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