Tuesday, April 28, 2015

Fed and GDP report coming up

Market declined in the morning on a news that geo-political event has occurred in the middle east. However, as the news came out that the event wasn't significant, markets rallied. At the same time, the turmoil in Baltimore kept traders on the edge.

Although today's rally wasn't broad based, it showed that the broad gains that some stocks saw few days ago were being digested by sideways action.

Tomorrow we have a lot of news coming. 1st Quarter GDP's initial numbers will be released tomorrow morning, followed by Fed FOMC meeting minutes. Therefore, its going to be a busy day for the stocks and one can expect sharp moves.

Updated model performance is given below:


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