2pm update - more nothing

Market breaks to sp'1619s, although the Transports remains the big mover of the day, +1.4% in the 6300s. Oil is holding onto moderate gains of 0.5%, whilst the precious metals are still a touch red. Generally though, its dead out there. VIX -0.5% @ 12.78


Trans, daily

Summary

It is this sort of 'nothing happening' day that now seems set for the rest of this week.

It looks like bears had their last opportunity last week..and failed.
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There could easily be 3-4 months of this 'nothing' to go. Urghh
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*Laszlo 'the ruler ' Birinyi is now looking for sp'1900s.. see bloomberg.


The largely useless Dow'30...


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