2pm update - micro down cycle

The market is cooling off a touch, but really, there is no reason to expect anything significant in the immediate term, not least with two large QEs across the next two days. Regardless of where we close, the sp'1680s still look set to be hit.


sp'60min

Summary

Little to add.
-

notable movers remain the hysteria stocks of FB, NFLX, TSLA, and GRPN

Coal miners still doing okay, +3-4%.

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The R2K pretty strong..considering...

Equivalent to sp +8/9pts