As you can see by the posts, it's hard to keep up with the speed of the market. At 10:15 Wholesale Inventories came in strong and the market put in a bottom for the a.m. session and moved up a bit which, however the bug-a-boo was wholesale sales dropped, on one hand enthusiasm, on the other no proof as sales dropped.
The SPY is now drifting laterally as the market wrestles with QE on/QE off.
SPY bounce on Wholesale Inventories and then thinks twice on Wholesale sales...
The thing I don't like this morning (and I usually don't look at Leading Indicators this early because they haven't had time to move), but I don't like the way credit and Yields are holding up so far this morning.
Those are several assets I'll be watching.
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