12pm update - minor declines...its all noise

The minor declines are failing to hold for the main indexes. Meanwhile, the transports is getting destroyed. Yet, what does it matter, QE3 is underway, who needs to transport goods anymore? The Bernanke will keep the market propped up until 2014, yes?


sp'daily5

VIX, daily

Trans, daily

Summary

Its all minor noise, and frankly there is no sign of it looking much better for the bears tomorrow.

The VIX is again trying to tick higher on the daily cycle, but...really, its to be dismissed as noise.

Weak declines, almost as dull as yesterday.

Back at 3pm