Fed Day

Good morning. Another drop in oil prices, strength in the U.S. dollar, rally in overseas markets, and expectations that the Fed will keep interest rates on hold this afternoon have provided a positive bias in premarket trading.

Premarket gainers: SCA, COMS, IBN, AIMC, UFPT, AFAM, LCC, RDN, RYAAY, IPGP, ELN, AAI, ERII, IIVI, CREE, ICON, TITN, SIRI, FRE, FNM, AMR, AAI, & XING.

Premarket losers: OTTR, RACK, GLBL, HNT, HMA, HIMX, GDP, WTI, DNR, AMSC, WWE, PCX, MEE, PDO, LSI, CVLT, DCT, END, JRCC, MSTR, APC, & HVT.

Other that the 10:AM ISM report, all eyes and ears will remain on the Fed today. The biggest surprise will come if we see a large reaction to the interest rate decision since most seem to be in agreement of what they expect from the Federal Reserve.