The Nasdaq carved out a narrow range bar on relatively low volume ahead of the Fed policy annoucement tomorrow afternoon. Most tech sectors were modestly red, however, the gold and silver index did quite well today. Tech outperformed the other major indices. I will not be initiating any new positions after 12:00 tomorrow as things usually get fairly quiet in the few hours preceding the Fed announcement. Notice how the ADX line is finally starting to edge higher. This could be bullish if the ADX (black line) crosses above the -D (red line) as this will give us some momentum if we retest the highs. Today's NDX winners were ISRG, CHRW, GRMN and NVDA.
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