11am update - the chop continues

The main indexes are mixed, with the Dow clawing back into the 16000s. Metals remain weak, despite a slightly weaker USD, -0.1%. Notable movers remain TSLA and UAL.


sp'60min

Summary

The QE fuel is no doubt negating some of the selling that is going on.

Yet, as many note.. there is also the issue of rotation. The Dow has been lagging for half a year...and that is where much of the hot money now moving into.

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Today will indeed likely remain one of minor chop...ahead of tomorrow's FOMC minutes and retail sales data.