10am update - morning gains

The main indexes open moderately higher, and with sig' Qe--pomo, what little selling there is, should be largely negated. Metals are weak, but a small 1-2 day bounce is viable before the bigger down trend resumes.


sp'60min

Summary

A somewhat interesting open, especially for a few individual stocks.

Equity bears really have no hope..baring a break <1775, and that is now a clear 12pts lower.

A daily close in the 1790s looks likely, with the 1800s by Friday/early next week.
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Notable mover..RIG...

I'm a major fan of RIG. Having broken out after many months...it looks like this is just a retracement/gap fill, before the next surge into the 60/70s in the spring.