The FOMC announcement had few surprises though some saw hints that that improvement in the economy could mean they will move rates higher than expected. The losses were minor as the oil service, banks, and semiconductors were able to move higher.
Though most of the Asian markets were higher, the selling overseas is fairly strong with the German Dax down over 1.3%. The futures are just barely higher ahead of the 3rd quarter GDP data?which came in at 3.5%?which was above estimates of 3.1%.
For the past few weeks, the small-caps have been leading the charge and, as I pointed out in yesterday?s October 17 Buy Signals Get Stronger, the technical studies on IWM have broken through major resistance.
There are quite a few small-cap stocks that have been doing much better than the overall market and these four are characterized by very bullish volume patterns.
Source: Markets
