Tuesday, November 24, 2009

11.24.09 - Slow Boat to Nowhere


The market is looking weak this morning, more so than price belies.  However, volatility is very low, in fact we are pushing VIX-20 again, but I'll be wanting to keep a close eye on any changes either way with volume as light as it is.  So far the five-day moving average is providing support for the SPY, and range-wise we have done nothing but ping-pong between the Pivot and S1.

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