sp'60min
Summary
No doubt, the rest of the day will see the mainstream swing to talk of when the next QE-taper might be.
Best guess remains, we close the day in the sp'1840/45 zone, with 1850s by the Friday close.
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*notable strength: UAL, +4.8%, and continuing to strength.
The upper 40s are well within range.
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2.07pm.. well, the usual nonsense from the Fed, inc' a probable eventual target of 6.0% headline unemployment. The comedy aspect was the note that the fed debated the participation rate issue.
Anyway, market is holding together, and a close in the 1840s..very likely.
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UAL continues to build gains....+5.6%...
Notable weakness in the coal miners...
2.19pm.. chop chop...+3pts...-2pts.. +2pts... fun huh?
The 1840s..are a'coming....and you know what follows that?