The major indices spent the entire week trading in a tight channel. This has left us with little to go on heading into the next FOMC announcement later this week. Our top down approach to analyzing the market and individual stocks dictates that we will spend Monday sitting on our hands. We will watch for Around the Horn setups to develop for Tuesday and throughout the week.



Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.