Federal Reserve Chairman Ben Bernanke said the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the incoming economic data…Bernanke said that if the incoming economic data confirms a strengthening labor market and inflation moving back toward the central bank's 2 percent target, "We anticipated that it would be appropriate to begin to moderate the monthly pace of purchases later this year." Full story at…
Wednesday, the S&P 500 was up 0.28% to 1681 (rounded).
VOLUME is positive since more volume has been up than down.
VIX remains neutral; no big moves just a slow bouncing around within a well-defined channel.