Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 30th of January.
The big news today is that RIMM announced it will change its name to BlackBerry to maintain a single brand. It will have the ticker symbol "BBRY" on the Nasdaq Stock Market. Along with that news, they unveiled 2 new phones for their Blackberry 10 system. The questions remains, is this to little to late?
The markets are extremely flat and quiet today ahead of the Fed's monetary policy announcement due at 2:15 pm ET.
Let's take at look at the markets and see what the Trade Triangles are telling us.
Have a great trading day,