The above chart speaks for itself. I had thought the market will have a clearer direction after the Fed meeting. But it was otherwise. The S&P 500 Spyders (AMEX:SPY) shown above is confined in a triangular range. It will continue to be a directionless market until the upper/lower range is broken.
Mixed bag of earnings releases after hours:
- Cisco Systems, Inc.(NASDAQ:CSCO) is down 4.4% - Prudential Financial, Inc. (NYSE:PRU) down 1.5% - Akamai Technologies, Inc. (NASDAQ:AKAM) up about 7% - Visa Inc. (NYSE:V) up 7.9%