Wednesday, December 30, 2009

12.30.09 - Wide Vacillations


The S&P 500 has been ping-ponging between its daily floor pivot and support levels.  Internals are highly negative, suggesting a difficult afternoon session.  The only positives I can see are that the five-day moving average held as support, the VIX is remaining relatively contained, and the Semi's continue to lead nicely.

Never Investment Advice

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