How To Trade If The Fed Doesn't Mention Anything About Additional Easing (SPY. XLI)

The Fed is set to report its findings and its decision on monetary policy today at 2:15 p.m. and many are expecting the Fed to mention something about unconventional easing. I am of the belief that the Fed will not do this and believe the way to trade this is to go long the index ETF's around 3:30 when the sell off is likely to start getting worse. I believe once the Fed doesn't make any mention of additional easing, traders will throw a hissy hit and sell everything they possibly can. Stocks, commodities, futures, even the kitchen sink will all be sold unmercifully. This being the case, moves that are made on Fed decision days are usually faded, one way or the other after mass hysteria has stopped and a more common sense approach is taken to the markets. I would take a look at buying the S&P 500 ETF

at around $109 as 1090 on the S&P is a key technical level and I believe we might approach that today during the Armageddon phase of today. I would also take a look at the Select Sector Industrial

as industrial and manufacturing companies have been the strongest performers as of late and I would look for them to continue their out-performance once everyone learns how to breathe again.