11am update - already melting

A mixed open, but it appears the market is settling into melt mode again. The sp' now looks set for 1700s later today or tomorrow (the Tuesday QE should help). Metals are holding very strong gains, Gold +$31, but Oil is now weak, -0.75%.


sp'60min

Summary

As ever, the old problem remains...all else being equal....market will merely melt to the upside.

No sig' QE today, but there is tomorrow, and that will no doubt help prop things up.
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*Am curious about how AAPL Q2 earnings (at the Tuesday close) will be.

Certainly, AAPL is starting to rollover on the daily MACD cycle, but nothing conclusive yet