Monday, April 12, 2010

04.12.10 - Market Wants to Tag SPX 1,200

In spite of flat price action, internals are holding up well ahead of earnings and the VWAP remains green even as price is tightly wound around it.  The VIX is nearly at 15, incredible.  On the other hand, I'm not imagining a clean break into the 1,200 region even as I give the benefit of the doubt to the bulls here at the midday.

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