Market Views Ahead of the Fed

* Weakness Across Sectors - Looking at the 40 stocks in my basket, chosen evenly from eight S&P 500 sectors, my technical strength measure (a quantitative measure of trending) finds 4 in uptrends, 3 neutral, and 33 in downtrends. In a different show of weakness, we had over 3000 stocks across the NYSE, NASDAQ, and ASE making new 20-day lows on Tuesday. This has only occurred 12 times since September, 2002; one week later, the S&P 500 Index was up 7 times, down 5, for an average gain of 1