I don't have much time today, and not much to talk about, either.
The late surge yesterday took the SP500 and other indexes into positive territory for the day. The rise continued into about 10:20 this morning. Since then, the action had been sideways, centered around 1170. Momentum (MACD) peaked at the end of the morning rise, and has slid almost to 0 since.
The open gap from last Friday's opening has not been completely filled, so there might be some upside room yet. Main direction is still down.
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Tuesday, September 13, 2011
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