According to SentimentTrader.com, " The S&P 500 has gone 22 days without a 2% deviation, the longest streak since July '07." Tight range!
It didn't break yesterday, although it got close. I've still got a little long because its December, the SOX is acting really well vs the SPX, and the cycles are bullish for a little longer. Fundamentally, I hate this market so if it starts to break down, I will not argue.
Another thing to consider is the Dollar (see my earlier post for technicals). It appears to have bottomed. It could easily retrace a little bit of its recent move, but odds are its put in an intermediate bottom which should be measured in weeks and months.
Sunday Night Futures
10 hours ago
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