Wednesday 10/29 ... Fed Day

Today we have opened in positive territory. Currenty the 6.0 mbs is up 9 ticks from close yesterday, currently at 100-00.

In about 15 minutes we get the release of durable goods but the big news item is the fed announcement at 2:15 eastern. Fed funds futures are saying they cut .50%, but rumors have the cut anywhere from .25% to .75%.

Stayed tuned to the blog and we will update you throughout the day