A decent day if you look at the scoreboard, but really nothing has changed as the same trends persist. We’ve highlighted these trends the past few days and with OPEX day at hand, it’s unlikely anything will be settled with “R” holding up and the SPX finishing relatively flat on the week.
In all, it’s a week of consolidation setting up for what is usually a positive 2H of December. The market got some v.strong earnings AMC with ORCL/RIMM, but it’s probably not enough to get the market going on Friday. Wish there was something smart to add, but the market just won’t allow it. Have a nice weekend…