18Feb11:22 amEST
The I of Hurricane Janet
The market is in a bit of a lull into the late part of this morning's session, with hot names like FEYE finally showing some short-term signs of cooling off.
As far as day-trading ideas, GPRO may be ripe on either side of the trade, depending on how the zoomed-out 5-minute chart consolidation (below, in the light blue lines) resolves.
I am still looking for more directional energy in natural gas and crude oil before taking trades there.
And it will be interesting to see how precious metals and Treasuries react to the FOMC Minutes later today, as they have been sliding in recent session. Indeed, the market may very well be pausing before a reaction to the Minutes after 2 p.m. EST.
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