Moderate opening losses are already starting to lessen. Those bears who were shorting at the Friday close - in anticipation of a Monday collapse..would have been wise to have hit the exit button about at the open.
Looks like the indexes are getting support at the important hourly 10MA - 1334 (and rising)
VIX is red - another sign this market still has underlying upside.
I will remain a watcher on the sidelines until sp'1355/65, preferably AFTER the FOMC announce Wed'12.30pm.
Interesting stocks to note... Ebay up... FCX weak, BKS.. was up 8%, but now -2% (rumour...false).
Oil weak...metals..moderately weak.
More across the day..as ever.