Market Lab Report - Pre-Market Pulse for Wednesday, June 13, 2018

Published:

13 Jun 2018 07:15 ET

The NASDAQ Composite Index posted a new all-time high yesterday on slightly higher volume. The action remains constructive ahead of today's Fed policy announcement, where the Fed is expected to raise rates another quarter-point. Given the global economic struggles, the Fed will find it a challenge to hike rates in 2019. Odds are they may have to reverse their rate hikes at some point. A devaluation of fiat is also in the cards.

Futures are higher at the time of this writing.

Focus List Notes:
Both Netflix (NFLX) and Nvidia (NVDA) are holding tight along their 10-dma as volume dries up low. This puts both stocks in lower-risk entry positions while using the 10-dma as a tight selling guide.

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