Quiet upward drift fairly common on Fed day before the statement hits. Bid returns to big growth stocks after the late-day air pocket yesterday.
Very little to conclude from most of the daily back-and-forth except this market remains comfortably stuck near the upper end of a seven-week range, preserving a gentle uptrend for now.has been holding in a narrowing band, upside 3280 and downside a bit below 3200, albeit in choppy, rotational, selective fashion. Would not shock me if the index made a run for either rail in the post-Fed gyrations, just to give folks something to think about tomorrow.
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