Time 8:41

Market Comments:

OK so the GDP number was 1 tenth of a % better than expected and the futures are rallying. There is not a need for the market hedge until right before the FED announcement. I would expect the market to do well into the FED story. If I believe that the markets will ultimately top out after the FED story then it would follow that the markets would rally into the story.

Stock: PWRD

Great chart in the right space i.e. chinese internet and online gaming. The company just signed what looks like a major deal with INTC and a major chinese computer company. Major pennant breakout daily chart.