Fed Cut Interest Rate 0.5%

The market was up and down during early trading hours and jumped to 200 points gain in the last hour, then 15 minutes before the closing bell, it dropped sharply and ended up with 74 points lose from yesterday's close. The Dow Jones closed at 8990.96, NASDAQ was up 7.74 , closed at 1657.21; S&P500 down 10.42 closed at 930.
The Fed announced the interested rate as market expected by 0.5%, the interest rate now is 1%.
The oil was up $2.92 and the gold was up $13.5 due to this interest rate cut for weaken the dollar;the commodity and basic material were also up.
ANR was up $4.61 (15%) today because of the interest cut, and I expect it will continue to go up.
It is also excess the 7% lose when I shorted days ago, so it's time to take a lose.
For EEV and SMN, I will think today's interest cut would not impact it much as of to commodity; so I just took a bold move to add the short position since the trend is still bearish.. Anyway, if it will lose more than 10% by tomorrow, I may also to take a lose from it.

It is also time to look for good companies to invest next, though, the presidential election is a week after which will also be a factor to affect the market. Let's wait and see.


Today's Trade:
Covered ANR $34.25
Added EEV $114.16
Added SMN $78

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