The stock market continues to trade in a narrow range, it reacted only by a blip to the Fed statement. Most of our indicators are back to the neutral level with internal momentum still strong: 2461 stocks advanced on the NYSE compared to 1316 that settled down. The current consolidation at a high level is a sign of strength even if traders are gently closing their books for the year. If this kind of market action continues until the end of the year, it would be very positive and would set up the prerequisite conditions for a January’s rally.