..." I'm out of the office..."

An incremental move over the 1246/1248 SPX zone, but, hardly a rejuvenated move as signs of fatigue still preside from last week.  

Nonetheless,  the December year end momentum continues on the back of preserving gains, no broad conviction, no buyers or sellers as “I’m out of the office…” auro-email replies gather steam across trading desks.   It didn’t look too good early as the day’s first attempt at zone failed with notable weakness in this year’s winners coming again…eg. BIDU PCLN,  it was good to see another zone afternoon attempt and many of the outperformers come nicely off the low’s.   Still, as discussed days ago,  money flow is going into laggards.    The best midday action >5% off our Shadowlist were from a couple of late season call-ups in TFM, QLIK,  recently it was HOLI/LIFE  that broke out nicely before profit takers came in quickly.  This exemplifies the type of tape we’re dealing with.  If you’re not “I’m out of the office ..” type, you are dealing with a market with no rhyme as on any given day a different stock will make a move. You might as well throw darts at the Shadowlist to try to stuff the stockings (account balances) some more.