It seems like the market is always hovering near important technical levels just before a Fed decision. That’s the case again today with the Nasdaq perched just below 2,153. It should be interesting.
No moves for me until after at least 30 minutes after the decision — after the fade of the fade of the original post-decision move. 
And I’m sure 2,153 will be involved with those post-decision moves…
Currently holding:
Long – CME, FORM, INFY, JOYG, MYGN, SYNA, URBN
Short – None
Looking for swing trade entries in:
Longs – AMD, GGB, IRF, JCOM, NKTR, SIMG, VSEA
Shorts – MRX, NOVN, SCSS
Potential day trades:
(From Briefing.com)
Gapping Down
ADTN -14% (lowers guidance for Q4 below consensus; two downgrades), SYMC -7.3% (NY Times reports that Symantec said to be in talks for Veritas), VISG -5.3% (registers stock for selling stockholders), MCRI -5.2%, TKLC -4.9% (CFO resigns, OpCo downgrade), TTWO -3.3% (ERTS deal with NFL), NXTL -3.3% (VZ said to be interested in FON; NXTP -3.3%), VOD -3.2% (Goldman downgrade).
Gapping Up
VRTS +13% (NY Times reports that Symantec said to be in talks for Veritas), ERTS +6.5% (analysts exceedingly positive following NFL deal), SLAB +6.1% (chosen by Amoi Electronics; Smith Barney inits with a Buy and $46 tgt, TWP positive), LPSN +17% (announces launch on Overstock.com), CKR +10% (reports OctQ), CBMX +9% (reaches milestone with NDC), EASI +7.6% (beats by $0.05; guides above consensus), ARDI +7% (announces new mobile resource mgt solution for RIMM), TFSM +7% (co and Lycos strengthen agreement), ANTP +5.7%, BEAS +4.5%, FON +3.9% (WSJ says VZ may make bid for FON), SHOP +3.8% (co’s UK subsidiary entered into a Google Services Agreement whereby Shopping.com UK will participate in Google’s sponsored links program in the U.K), PPDI +3.7% (guides for Y05), JOBS +2.5% (continues recent momentum)…. Under $3: ZTLDC +29% (ads to 65% move from yesterday), HEC +21%, NYER +11%, AAC +6.4%.
