12pm update - up we go!

We have some very impressive gains for the bulls, but its probably on very limited buying volume. Regardless, follow through to the upside is likely across the next few days.


sp'60min

sp'daily5

Summary

I am very content to sit back, and will seek a re-short, no earlier than next Tuesday. With the Bernanke due next Thursday, there is the real threat of continued meltup all the way into spring 2013. That is a viable scenario, and we'll know whether we can eliminate that by the Thursday close next week.

time for lunch!

More later at 2pm