1pm - it remains a chopfest

Hmm, a weak lunch hour for the market, but we are still considerably higher than the morning low of sp'1343. Again, its important to note we did make a lower low today, and that IS a bearish sigh. So..bulls need to put in a higher high above yesterdays close of 1363. Right now, that seems a little out of range.


Sp'60min -standard'2

Dow'60min

Bulls would most definately be seeking a close above the 10MA. They attained it yesterday, not that it helped for this mornings gap lower, but I'd still think its an important target.

Looking for further strength across the afternoon, and look for a weakening VIX.

yours...watching the movie 'The Hindenberg'  (yeah...kinda apt for a Permabear)