11am update - its quiet out there

The main indexes are holding moderate gains, but it sure is quiet out there, and again that will allow the algo-bots to more easier melt the market higher across the next few days. Metals/Oil remain flat, but like equities, have underlying upside pressure.


sp'60min

Summary

Watching clown finance TV, Cashin noted NYSE volume at barely 100 million in the opening hour, it could turn out to be the lowest volume day of the year.

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Without question, there is near zero reason to be short right now, not least with two major QEs for Tue/Wed.

I am hopeful of a re-short in the sp'1680/85 area, after the QE of Wed' morning.
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FB +3%..almost in the 42s.   

Coal sector strong today..most are 3-5% higher.