SLOW OPEN

Stocks are trading slightly higher in front of the 2:15 FED announcement with the RUT and NDX acting the best and SPX/Large Cap Value lagging. Financials also reversing as most trade lower with the exception of MER and MA.

Strongest sectors- internets, metals, tech, oils, trannies and small caps while banks, gaming, biotechs, real estate and drugs are lagging.

Key stocks- mixed with CELG AMZN MA NVDA POT VMW and MCD higher while BG LVS GRMN WYNN MTW UA KLAC BAC C GS trade lower.

Market internals:

NDX -50 WINNERS;

OEX-45 WINNERS;

IBD 100- 57 WINNERS;

NYSE- 200 net winners;

NAZ -300 net winners;

VIX -FLAT;

Up and Down volume even;

Pretty boring so far and probably won't change much through the FED announcement. Remember, markets are overbought, (RSI 2 at 90+) in the short term and a sell the news, what ever it is would not be surprising to this fish. Levels I want to buy -SPX- 1490/1500.