Trader's Daily Notebook: The Calm During the Storm

Monday's trading was astonishingly quiet. And while some degree of the slow trading can be blamed on the two-day FOMC meeting that begins Tuesday morning, there's no question the impending Nor'easter kept a number of participants out of the office. Based on current storm projections, and the fact that the FOMC meeting announcement isn't released until Wednesday afternoon, I'd expect Tuesday's volume to mirror Monday's.

Monday's index trading aside, the session's auction wasn't entirely without activity. The day started out with news that Intel (INTC) would buy technology firm Mobileye (MBLY) for more than $15 billion dollars. That figure amounts to a share price of roughly $63.50, or 34% above Friday's closing price. For Intel's part, the stock declined a bit more than 2% on the day, closing beneath its 200-day simple moving average (SMA) for the first time since late-June 2016....541 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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