Markets were once again flat due to the uncertainty of the Fed's comments during today's 2:15 pm EST policy meeting. The Dow was able to pull out a half percent gain, but the S&P and NASDAQ closed flat.

Today, the market will continue to consolidate. That is, until Fed Chairman Ben Bernanke begins commenting on the state of the economy and gives insight as to what they plan to do with interest rates. The Fed is never 100% clear as to their plans, because they have to leave some wiggle room in case action must be taken due to some unexpected economic data. They will likely be clear enough to move the market though. Expect high volatility as the market makes sense of the comments the Fed makes throughout the policy meeting.

The weekly EIA Petroleum status report is due today at 10:30 am ET. Crude oil is currently trading at 70.63. U.S. stock futures are flat once again, suggesting another flat opening this morning.

Altiris Inc (NASDAQ:ATRS) presents a fairly bullish situation. The stock is touching the uptrend line after successfully bouncing off the line to the upside five times prior to this touch. One thing to note is the fact that ATRS tends to drop down quickly, touch the line, then pop back up quickly. This time around, the stock touched the trendline, moved slightly higher, then reversed and touched the line again. The downside moves have occurred on slightly higher volume than usual which makes the trade a bit questionable.

XM Satellite Radio Holdings (NASDAQ: XMSR) has been relatively weak to the market for the past week or so, but yesterday the stock made a comeback. Shares trended higher throughout the majority of the trading session after opening to the downside. Will the stock continue to climb today? It definitely has some momentum.

Although the stock broke the up trend line at the end of the day, it was able to pop up on heavy volume and close right on the line. This is a bullish sign for XMSR.

Centurytel Inc (NYSE: CTL) has been very weak since putting in an island reversal top with resistance at 40. The stock has since traded in a nice 45 degree downtrend. After a move to the upside yesterday, CTL appears to be in prime position for a short. The stock ticked up and is now trading right along down trendline resistance.

I have CTL on today's watch list. There is noted support at 36, but as long as the volume continues to increase on downside moves and decrease on upside moves the support level should not hold.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.