MLR - PMP 3/18/14

Published : March 18 2014 at 10:06 ET

Major averages were up but on significantly lower volume indicating a lack of conviction in the move up. This may have been due to the Fed's two-day meeting that starts today. Investors want to know if the central bank will continue to lower its bond purchases by $10 billion a month.

NQ had a pocket pivot. Keep in mind it can trade a bit sloppy such as when it spun out on 2/28/14. It is also due to report earnings very soon. We have reported on NQ in prior reports.

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