11am update - another failed bear open

The main indexes opened weak, but there is simply a near complete absence of real downside power, and the indexes could easily close green - no doubt helped by today's QE-pomo. Once again equity bears are pathetically weak.


sp'60min

vix'60min

Summary

Haven't we been through this a hundred times already..this year alone?
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Bears are still weak, and fighting weekly/monthly trends that are still relentlessly pushing upward.

*ohh sure, there are those touting we'll max out around 1740/60..but as I keep asking..WHY would we stop there?


The debt ceiling will be raised, the QE will continue. Nothing else is important.

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Notable mover, AAPL +8 @ 491.