One More Fed Meeting

Next week we'll get the last big news release of the year.

PRE-OPEN MARKET COMMENTS FRIDAY - Since the start of the month the market has been trapped in a tight trading range and the volume has been light. The 20-day Average True Range (ATR) has dropped by 50% and option implied volatilities (VXX) are near their lows of the year. The upward momentum has stalled and that tells me that we are not likely to move much before the FOMC Statement next week.

Daily Bulletin Continues...