Fed Hikes Rates Again

Not a bad close, given that yesterday was a big up day, and with today's FOMC announcement we could have seen more profit taking. The Fed raised rates another 25 basis points, with no change to the ensuing language. Maybe they will hint at the end being nearer when they meet in December.

The market pulled back today, but volume ran lighter, which is good. Internet stocks had a big day, with MNST and GOOG making new highs. Energy stocks led the way, with chip stocks lagging the most. After the close, CUTR reported great earnings. I hope this strength carries over to ELOS later this week.

long ELOS, GOOG, MNST