Noon Update

ARNA L>7.29-keep an eye on this one.

DGW L gave us a pretty decent entry considering the risk profile, again it's worth a look.

Last night's SPRD at market was a great entry-right at the stop-on a closing basis-and it's up 2.65% for us

AGM listed last night and originally from 8/19 (short) is at an 11.5% profit, a bounce near $12 would make for a good entry/add to or at least a good look at it .

NZT also triggered, a bounce here could provide a good entry or add to.For a trending trade I'd move the stop as high as $7.56

The market...

We do have a bit of a negative divergence at the 11:45 area, it doesn't look very serious yet. The more important 5 min. charts are showing positive placement, they appear to be using these lows to accumulate.

USO just tested the resistance area at $32 again and what do you know, another volume spike, stops being hit and short orders filled-these guys just don't learn-DO NOT PLACE STOPS AT WHOLE NUMBERS-THE MARKET MAKER AND SPECIALIST CAN SEE IT AND EVERY OTHER TRADER IS DOING THE SAME THING! It seems like the specialist will probably do this as many times as they keep doing this, it's all pay day for him/her.

The dollar has momentarily stabilised, which is interesting considering the 5-min positive divergences in the market. While the dollar showed A 5 min positive accumulation signal just before stabilizing, it is not in line at all with the same positive divergence in the market which is close to a powerful leading divergence. One thing is for sure, there's not aggressive selling which means this is likely (as to what I see as of now) to put in a doji, star or hammer reversal day as I mentioned earlier this morning.