The SPX is edging away from consolidation toward correction. SPX Daily There has
been a small break below the little shelf of support at 1780 - 1782, the RSI and MACD
indicators are heading down and the VIX (bottom panel) is headed up while the SPX has
edged below the 10 and 25 day m/a s. Nothing nasty yet, but watch carefully.
Players would like a sugar plum ending to the year -- a graceful move up to close out a big
2013 on a high note. But, taper from the Fed worries notwithstanding, there are folks
who are cleaning out losers and others who are quietly rotating issues within their
portfolios to be ready on day one for 2014. So, you cannot count on the sugar plums.
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