Table of Contents:

1. General Market Analysis: SPX and Other Major Indices

2. Indicators and  Bonds (TLT/HYG)

3. Major Sectors

4. US Dollar, Commodities, Precious Metals and GDX

5. Trade Ideas - remain nimble and respect your triggers and then employ proper stops

Despite the wild market gyrations following the FOMC, the market indexes still formed lower highs (remember the symmetry break we discussed yesterday)

FED Statement: Dovish

Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. Payroll employment was little changed in February, but job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Recent indicators point to slower growth of household spending and business fixed investment in the first quarter. On a 12-month basis, overall inflation has declined, largely as a result of lower energy prices; inflation for items other than food and energy remains near 2 percent. On balance, market-based measures of inflation compensation have remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

Week of March 18 - March 22

Date	ET	Release	For	Actual	Briefing.com Forecast	Briefing.com Consensus	Prior	Revised From
Mar 18	10:00	NAHB Housing Market Index	Mar	62	64	63	62
Mar 19	10:00	Factory Orders	Jan	0.1%	0.3%	0.2%	0.1%	--
Mar 20	07:00	MBA Mortgage Applications Index	03/16	1.6%	NA	NA	2.3%
Mar 20	10:30	EIA Crude Oil Inventories	03/16	-9.6M	NA	NA	-3.9M
Mar 20	14:00	FOMC Rate Decision	Mar	2.375%	2.375%	2.375%	2.375%
Mar 20	14:30	Fed Chair Press Conference	Mar		NA	NA	NA
Mar 21	08:30	Initial Claims	03/16		226K	223K	229K
Mar 21	08:30	Continuing Claims	03/09		NA	NA	1776K
Mar 21	08:30	Philadelphia Fed Index	Mar		3.0	6.0	-4.1
Mar 21	10:00	Leading Indicators	Feb		0.2%	0.2%	-0.1%
Mar 21	10:30	EIA Natural Gas Inventories	03/16		NA	NA	-204 bcf
Mar 22	10:00	Existing Home Sales	Feb		5.20M	5.10M	4.94M
Mar 22	10:00	Wholesale Inventories	Jan		NA	NA	1.1%
Mar 22	14:00	Treasury Budget	Feb		NA	-$227.0B	-$215.2B

Actual refers to the actual figures after their release.

Briefing.com Forecast refers to Briefing.com's forecast.

Briefing.com Consensus represents the market consensus estimate for each indicator.

Prior represents the last actual for each indicator. In cases where the release is a revision to an earlier estimate, as is possible with GDP, productivity, and U of Michigan sentiment, the last actual refers to the preliminary estimate for the same period. After a report is released, the Prior column reflects the prior figure as revised.

The Revised From column lists the prior number as it was originally reported, ie before revision.

Not included: Mitsubishi and Redbook chain store indexes are released every Tuesday morning. M2 is released every Thursday at 16:30 ET.

Stock Earnings Calender:

Click here for a list of Stocks that are reporting Earnings

**Generally we never hold a position into earnings since the risk/reward is too great