Fed Day

Good morning. Premarket futures are in positive territory as investors await the next interest rate cut at 2:15PM by the Federal Reserve. For the most part, the newswires are fairly quiet this morning with a smattering of corporate news and economist chatter.

Premarket gainers: GNSS, FCEL, TRID, CTIC, PRGO, AVNR, NUVO, MOGN, SMSI, PCTI, GTS, NFI, GY, SAI, TXN, GME, WCG, TELOZ, CELG, HOKU, SDTH, CPSL, TBSI, DSX, BX, MLNM, SOLF, BRCM, ETFC, and CSUN.

Premarket losers: WM, MEDX, NCS, HRB, JCDA, PANC, PLL, WM, ACGY, CRDC, QGEN, and SBUX.

Along with the Fed, we have a report on wholesale inventories at 10:AM and some weekly retail sales reports to look through. Fed days are notoriously difficult to trade and I don't plan to. Have a great Tuesday!