Randy'sTradingDesk: April 24, 2012- Stocks Close Mixed Ahead of Fed Announcement

An expert-driven approach to trading

Tuesday, April 24, 2012

April 24, 2012- Stocks Close Mixed Ahead of Fed Announcement

With traders reluctant to make any significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday, stocks turned in a relatively lackluster performance during trading on Tuesday, ending the day mixed. The major averages closed on opposite sides of the unchanged line, with the Nasdaq posting a modest loss. While the Nasdaq fell 8.85 points or 0.3 percent to 2,961.60, the Dow rose 74.39 points or 0.6 percent to 13,001.56 and the S&P 500 climbed 5.03 points or 0.4 percent to 1,371.97. The choppy trading on Wall Street came as many traders remained on the sidelines ahead of the Fed announcement and Chairmen Ben Bernanke's accompanying press conference on Wednesday. The Fed is widely expected to leave interest rates at near-zero levels, but traders will pay close attention to any comments regarding the outlook for further quantitative easing. A mixed batch of economic data also contributed to the lackluster performance, with a report from the Commerce Department showing that new home sales fell in the month of March but still came in well above economist estimates. The report showed that new home sales fell 7.1 percent to an annual rate of 328,000 in March from an upwardly revised February rate of 353,000. Despite the drop, sales came in above economist estimates for a rate of 318,000.

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randystradingdesk@gmail.com

Successful Trading requires:
1. Following a set of proven disciplines
2. Building confidence that removes emotion
3. Patience know "when to hold em and when to fold em"
4. Continuous Learning

Why Does He Provide the Service

What I have found out about myself is that I am really successful when working with a team and when it is all about me I tend to get lazy. If it were not for leading an investment team, this model would not have developed to the degree of accuracy and efficiency that it is today. It's about being accountable to others that encourages the weekly analysis used in refining this system and always looking for ways to streamline even further by investigating technology solutions that automate what is considered routine. As a result, we are able to take advantage of a refined system while offering it to a limited group of investors.

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Limited Time or Knowledge
Here investors are notified when a "Traders Pick" is posted and simply log-in to the service to view the selection and follow a precision pricing strategy (PPS) for each traders pick recommended. These picks focus on US, CAD, ETF's and Global/Emerging markets.

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