11am update - morning chop

Mr Market remains stuck 1455/65. For the bulls, even a retracement down to 1440/35 would not wreck hopes of sp'1490/1510 within the next month or two. Transports/R2K remain strong, and suggest sp'1474 will be broken.


sp'60min

VIX'60min

Summary

A somewhat quiet end to the week...and I will sit this out until there is some clarity.

VIX is very weak, and 13s look set to be hit today.

The only issue is whether 12s..even 10/9 - if sp'1490/1510...in the 2-6 week time frame.
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AAPL is weak... as expected (see my post on FVS from yesterday)...

Could easily floor around here