NewsWare’s Trade Talk: Tuesday, March 21

S&P Futures are displaying a strong move to the upside this morning as anxiety over the banking sector has eased. Traders are now looking ahead to tomorrow's FOMC announcement. The market is no longer considering a 50 basis point hike, a 25 basis point hike is possible or the Fed could leave rates unchanged. The key to tomorrow's announcement will be the projections. European exchanges are higher and oil futures are gaining.