12pm update - ten seconds was more than enough

The sp' is down a mere 0.25%, and frankly, its pretty lame. Equity bears still lack any downside power, and right now, the notion of a C wave lower..looks highly improbable. Momo stocks are showing significant strength, and that further suggest the general market will hold over sp'1800.


sp'daily5

FB, daily

Summary

*all the leading momo stocks appear to be higher, and as is often the case, they should be a warning to the bears that the underlying market pressure remains pretty strong.
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I have refrained from watching clown finance TV this morning...well except for ten whole seconds.

I caught the Liesman..with the caption 'taper-on'. Same old crap..just a different day. CNBC..and Bloomberg have been playing the 'taper on/off' game since late February. Even now, it bemuses me  how people seem to forget so easily?

Taper next week? I can think of a hundred reasons why not..but ohh yeah..I'm sure some bears out there will be getting overly excited about the FOMC next week.

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VIX update from Mr T.



time to cook