Apr-30 FOMC Strategy Today

I guess many of you are expect this message, but I cannot say anything until now.

There have been 100 points spike for DOW today, so now my strategy would be keeping 1/3-1/2 of your long position, or adding hedging position to you account because of reasons below:

• After FOMC, it is VERY possible to hit 13000, even 13100, then sell-off comes, or otherwise, it holds above 13000. If 13000 holds until 3:45, huge number of buyers will step into around the last 15 minutes, you can also be one of them. Hong Kong, Indian stocks can be your targets.
• It is also very possible to hit below 12800, so buy something to wait for an immediate rebound to sell it if you can do DT. If you see indices come back later, you can also buy back H-share ADRs after 3:45, otherwise, just let it be.
• 13600 is critical support for this uptrend, reduce another 1/4 if this is broken in next days.

To me, I still tend to be bullish in the next 1-2 months, while we need to be prepared for all circumstances. If you are comfortable with your current long position which is not heavy, just sit back and relax. Most time, do nothing is the best strategy.