3pm update - ohh..the tedium

Mr Market is still largely flat for the day, although the Transports just keep on pushing higher. There is huge underlying strength out there. The weakness that is out there is extremely limited, and even the sp'1440s are now laughably going to be difficult to hit.


sp'daily5

FB, daily

Summary

The piece of over-hyped trash that is the FB is 3% lower. The stock is still surrounded by immense hysteria, and without question..is best left alone. No doubt, there will be many from the IPO still looking to exit for evens at the $38 level this coming spring.

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As for the indexes, being a mere few points from the key 1474 high is starting to get real annoying again. Any break >1474, and that will open up a fast snap into the 1480/90s.

If the algo-bots wanna do a short-stop run before the close..now would be the time.