Slow Trading in a Sea of Green

The indices looked good, breadth was solid and we made a new high for June, but volume was very light and trading was painfully slow. The market is always slow in front of the Fed's interest rate announcement, but today was notable for how little stood out in a sea of green.

Obviously, some folks aren't worried about what the Fed has to say tomorrow, but if we see the word "taper" or some variation thereof, we have an ideal sell-the-news setup. I don't think the Fed is going to do anything to really spook the market, but it isn't going to take much to trigger a little selling, especially after the move over the past four trading days....1028 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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