12pm update - lunch time chop

For many, this type of market action is probably starting to get annoying again. Yet, we are in a small up trend still, and it seems there is at least some way higher yet to go.

With the Bernanke tomorrow morning, I'm not sure how Mr Market will take it. Will Benny upset things, or might a little mention of 'further measures if necessary' cause a secondary ramp wave to 1360/70s?


sp'daily5

Summary

No change from main outlook.

Sitting on sidelines..waiting for a re-short, no earlier than Tuesday. I'd like to see a few more little blocks on the MACD cycle - forming a little tower, before hitting any buttons!

Time for lunch!