Markets Sell Off a Bit Before the Clam Statement

U.S. equities gave back a little ground before tomorrow’s fed statement.

Traders expect the market to rally tomorrow  into the clam statement and will really determine direction on Thursday after we get data and comments out of Europe on growth and resolving the debt crisis.

Despite a volatile month the markets finished up 1%. Gold also had a 1% gain for the month. The best performing sectors were telecom and industrial.

DOW down 64

NASDAQ down 6

S&P down 6

Today’s action

[youtube://http://www.youtube.com/watch?v=6z_KSV_Jrdc 450 300]

 

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