The Fed is expected to leave interest rates alone as it closes its two-day meeting today at 2:00 PM (EDT). The key word here is "expected." It is also the most dangerous word when it comes Fed interest rate proclamations. If the Fed does the unexpected by raising rates, even by 25 bp, the market could have a volatile reaction to the downside.
With our portfolios overweighted to the Long side pursuant to our trend following models, consider this a heads-up to pay attention to the news, as well as the profit-taking trailing stops in the tables below. In a fast market, we may not be able to keep up with our usual exit Alerts, so be prepared to act before confirmations. Hopefully, they keep their wits about them and leave rates alone.