Goldilocks Data

Good morning. After the FOMC has decided to stick with the plan and remain data dependent, so will the market. Wall Street wants to see more goldilocks-like data which is neither too hot or too soft. Today's retail sales report which came in less than expected may fit the bill as long as it also doesn't also fuel concerns over higher interest rates, energy prices, and the consumer. That is a tricky balance to achieve going forward, but that being said the market has managed to do exactly that for weeks now.

Stocks moving higher in premarket activity include MOVI, ZOLT, TOPT, GV, EZM, CUP, OMNI, INFY, ESCL, BIDU, LMIA, MGPI, and PEIX. Downside leaders include AIRN, GTE, JDSU, GNBT, OVEN, BSTE, MERX, GIGA, NURO, DISH, UNH, AIG, URBN, and CNXT.

Since I was stopped out yesterday, I'll be looking for a few trades in the same stocks I've been in lately. It has been a choppy market this week which has yielded few profits (at least for me personally), so I'm well motivated to stay focused. I'll see you in a few hours and I hope your week is going well.