Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Tuesday, September 13, 2011

Tuesday Market Action

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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