11am update - still quiet

Very slight opening weakness to begin the week, but there is an awful lot of corporate and econ-data for Mr Market to use as an excuse for a minor wash-out move lower. The VIX is struggling to hold 2% gains, but a close in the 14s (+6/7%) still seems reasonable to target.


sp'60min

sp'daily5

 
Summary

There is just a lack of momentum either way right now. Its already a little tiresome!
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I suppose the most entertaining thing so far today is AAPL...

A brief move into the 490s...and perhaps..if the main indexes do manage to retrace to 1440/25 by the end of this week, AAPL will have finally seen a wash-out move into the 475 area?

The stock remains surrounded by hysteria though, and we can already see the bull maniacs are trying to buy it up..if only for an intra-day trade.