Stocks Mixed Mid-day Ahead of Fed Meeting

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Semi longs, Medical Information Systems longs and Computer longs. I have not traded today, thus leaving the Portfolio 100% net long. The tone of the market is slightly negative as the advance/decline line is modestly lower, most sectors are rising and volume is around average. Measures of investor anxiety are mostly lower. The energy sector saw the most insider selling of any group in the S&P 500 last week. Insider sales totaled $144,191,838 while buys totaled $24,776. This is the largest weekly net insider selling for energy this cycle. I expect US stocks to trade mixed into the close from current levels as higher energy prices and apprehension ahead of the Fed meeting offsets positive economic data and stable long-term rates.