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Despite the recent slowdown in the housing recovery, Federal Reserve policymakers last month said they still expected to dial down their easy-money policy within a few months, according to meeting minutes released Wednesday.
Fed officials also debated whether to pull back the bond-buying program even before the job market shows clear improvement if concerns about its costs and risks increase.
The minutes' release at 2 p.m. sent stocks down as investors reacted to the possibility that the Fed could start tapering its economic stimulus soon.
Link to Fed Minutes
ITZ recently re-entered a position in Proshares Ultra Short S&P500 (SDS) LINK
ITZ current open trade positions:
AAPL full position 7/23/13 $400 ~ Stop $500 (50ma)
ERY 10/25/13 full position $22 ~ $21 stop on close
UCO 11/7/13 1/4 position $29.25 & 1/4 @ $29.60 looking to add
HIMX 1/4 position 11/10/13 $8.00 looking to add
YHOO full position 11/3 half $33 & 11/12 half $34 ~ Stop $34
CLF 11/16/13 full position $27 ~ Stop $25.50, PT $35
SDS 1/2 position 11/19/13 $32 ~ stop raised to $32
BAC 10 half position $14.45 & half on 11/19/13 @ $15.00 STOP $14.90/17/13