2pm update - no downside power..yet

The indexes are making a play to climb into the late afternoon. Equity bears are so far still displaying no downside power, and with another $3bn of QE-pomo money out there today, why wouldn't we just melt higher into the close? Metals are moderately mixed, whilst Oil -0.8%


sp'60min

Summary

A quiet start to the week...and broadly speaking, it'll likely remain quiet until next month.

Sure, there are some interesting moves in individual stocks/commodities, but overall...not much to see in terms of the indexes.
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Notable weakness in TWTR

Along with FB (target $35)...seems little reason why TWTR won't slip to the next psy' level of $30. Even if the broader market climbs into year end - as I suspect, a lot of the momo stocks look damn tired.