11am update - still choppy

Mr Market remains in a bit of a mess. The bears are desperate for follow through from last Friday afternoon, but the bulls are seeing this as merely another buying opportunity. Considering its Tuesday tomorrow - with mid-size QE, I'm guessing we'll battle higher by end-week.


sp'60min

vix'60min

Summary

A messy Monday, but that's okay.

ISM data was certainly weak, arguably recessionary, so...those hoping for 'QE tapering'...forget it.

I will say, I am surprised to see VIX break into the 17s, although I still think its merely another chance for bears to exit.
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*I went long earlier, and exited after a mere 9mins, for a very good gain. Will re-long tomorrow, probably a combination of IWM and USO. Although I do like MRO lately too.