14 March 2016

SP 500 and NDX Futures Daily Charts - Little Conviction in ZombieLand

Stocks drifted higher during much of this very low volume, sleepy day.

They gave up the best of their gains into the close.

This is a market that is 'marking time' for a catalyst, perhaps the FOMC meeting on Wednesday the 16th.   There is little expectation that the Fed will do anything at this meeting, but traders want to hear what, if anything, new that they have to say.

Have a pleasant evening.