Trade for Today

Talks of raising interest rate are on board FINALLY. In fact some members indicated that "before the middle of the year" would be an appropriate timeline to consider a rate hike.

But looking at recent data which are not really encouraging including Chinese data, But Officials at the central bank were willing to write off recent weak payrolls reports as due to we

ather and expected things to pick up in the months ahead. That could hasten the jobless rate decrease—particularly in light of the weak labor force participation rate—and push the Fed into monetary tightening at a level with which it is not comfortable. Ergo its look like it’s going to be difficult of FED to increase interest rates before last quarter of 2015 if all goes well.

Following are trade calls for today,

• Sell #DJI (Dow Jones) at 16080 stop above 16180 target 15920/870