2pm update - micro-chop

Another day of almost nothing. Despite the lowest consumer confidence number in 8 months, the market is still able to hold broadly steady. Only the transports is again showing some weakness, although even that is off the lows.


sp'daily5

Summary

The 1380 target by this Friday is starting to look like a real stretch. The MACD cycle is still slowly cruising lower, but there just isn't any selling.

With VIX a touch red, there really isn't anything going on.

*ohh, and AMZN +$2 to $246 ? It should be $100 under ANY circumstance right now, incredible.