Whether the market moves up or down it appears Tuesday reversals seem present. Markets reversed course this Tuesday moving sharply lower. We've seen this type of action this month.

What's the news? Some buzz and worries about the prospect of higher interest rates near. I believe markets are trapped in a volatile low volume trading range with the focus on the Fed once again. Fundamentals from earnings and economic data are obscured by this emphasis.

Sectors making gains this day included commodities (gold, gold stocks, silver, energy and so forth) while everything else was weak.

Below is the heat map from Finviz reflecting those ETF market sectors moving higher (green) and falling (red). Dependent on the day (green) may mean leveraged inverse or leveraged short (red).

Volume once again increases on sell days while breadth per the WSJ remains negative. 

Chart Of The Day

Some things are clear. Trading action doesn't favor bulls or bears the past few weeks. Significant amounts of two-way action aren't compelling for traders.

I didn't post Monday but am today. The sum of both trading days have left markets virtually unchanged despite large changes.

Let's see what happens.