Waiting for the FOMC Reaction to Get Into My Groovology

It is slow-going out this afternoon, with the market likely at a standstill of sorts in front the Fed's meeting announcement within an hour or so. I am holding my SDS and SLW longs, both with some modest profit cushion, after cutting my oil long first thing this morning to keep losses contained. On my radar are biotechnology and semiconductor shorts, via long BIS and SOXS ETFs, respectively. However, those will only be viable trades for me if the market reacts to the downside after the FOMC. That said, I do believe the risk to this market remains lower, what with the many broken Nasdaq leaders combined with extended biotech names, not mention bifurcations galore in terms of the Euro, copper, oil, bonds, global markets, etc.. With this in mind, the volatility ETFs, namely TVIX UVXY, are on my radar for quick flips after the FOMC.