We did get the anticipated turn at the last update, anemic though it was. We are a bit past the afternoon drive time with a slight rally underway. The tempo remains slow, with internals mixed at 50/50. Hence the lack of trend.

The NASDAQ 100 has been weaker than the S&P 500 today, kind of the reverse of yesterday. Unless we have another shooting star into the close as yesterday, we could close back inside the balance range.

We will resolve tomorrow, after the Fed announcement. It could get interesting if they talk about, talking about, mentioning, possibly thinking about, tapering QE, or raising interest rates, sometime in the next 10 years or so.

No surprises.

A.F. Thornton