After the market closed, the Fed raised the short term discount rate to ¾%, signalling that their zero-interest rate policy is ending.
Stock index futures fell sharply, dropping to near the lows of the week within a few minutes. In overnight trading the $US broke major resistance level at $80.5 and $EUO is diving.
More importantly to CLL, commodities are down as you expect they would, with the stronger dollar. Gold futures are down $15 and OIl is down as well.
HANG SENG is down over 2% and futures indexes are down, indicating much lower opening for Friday morning.
Keep your stop loses tight. The best play in town (as some pro are advising) is to short $EUO or go long the EUO (Triple Short Euro ETF). Remember it is your money, so be very cautious and do not extend yourself with margin.
