Pre-market update:

• Asian markets traded 0.3% higher.
• European markets are trading 0.9% lower.
  
• US futures are trading 0.2% lower ahead of the market open. 
  

Economic reports due out (all times are eastern): GDP (8:30), Jobless Claims (8:30), Janet Yellen Speaks (9), EIA Natural Gas Report (10:30)

Technical Outlook (SPX):

• We are starting to see more of a willingness from this market to “book the gains” as SPX has now seen 3 of the last 6 trading sessions finish in the red. 
• I don’t consider it to be a huge red flag, just that the euphoria we experienced immediately off of the 10/15 lows, won’t be as common place in the days moving forward. 
• The 5-day moving average has been an excellent rising support level for SPX as it is likely to be around the 1976-8 range today. 
• Volume has ticked higher over the last two days. Yesterday is no surprise with the FOMC Statement. 
• Speaking of which, the Fed’s announcement provided some market action yesterday but not the erratic or panic-like nature it is known for creating. 
• VIX finished higher by 5.3% to 15.15.
• SPX 30-minute chart remains very healthy with SPX continuing with its series of higher-highs and higher-lows. 
• The market doesn’t care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 

My Trades:

• Added one additional long position to the portfolio. 
• Did not close out any positions yesterday.
• Will consider adding 1-2 new long positions today.
• Remain long AAPL at 101.73, SH at 23.41, RAX at 35.93, BLMN at 18.52, INFY at 62.56.
• 50% long / 50% cash. 
• Join me each day for all my real-time trades and alerts in the SharePlanner Splash Zone

Chart for SPX: