Closing Brief

The main indexes closed with moderate declines, with the sp -14pts @ 1676. The two leaders - Trans/R2K, both closed -1.1%. Near term remains moderately weak, but the longer this goes on, the bears are using up their time quota. The sp'1700s remain relatively close.


sp'60min

Summary

*certainly, the closing hour was somewhat weak, but still..the bears never managed to break into the 1660s today, and considering the overnight futures, I'm still seeing the bears as weak. Volume was light. There is still no real selling going on.
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Just what will it take for the headline indexes to see a 1% daily decline? It seems such a difficult task.

*one good thing the bears do have...no significant QE-pomo until next Tuesday. A full 5 trading day window for the bears to push lower.
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the usual bits and pieces across the evening.
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yours..
   tired.