The stock market is in an all too familiar place - We're waiting on the Fed once again. Market participants are waiting to see if the Fed will cut interest rates 25 or 50 basis points, or in English, a quarter or half a point.

It remains strange that we're all so focused on an interest rate cut while stock prices are at all time highs. There must be an explination for it, and we'll wait until Wednesday to learn more from Chairman Powell.

Meantime, looking at the charts and technical analysis, we don't find much change in the structure from late last week.  

The Rusell 2000 was down slightly which is my favorite market leading indicator, but asside from those stocks, nothing else stood out like a sore thumb.

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