Boringville

Market is doing sqwat in this range. Seems like we are still range bound. The big change from my last post has been the collapse of the magical commodity stocks like steel. Yes, the so called experts said that couldn't go wrong as usual but there ya go. Steel stocks have been hammered lately. Maybe has to do with China going to ramp up exports and that steel prices has come down nicely. You can see this in every sector. It it like outside of realestate, the economy is dead.
Seems like the productivity, "miracle", i.e., illegal immigrant labor domestically and outsoursing to china and india internationally, we are fine tuning this economy into no real growth. As production goes overseas, so will innovation. And correct me if I am wrong, we are still not in a global govt. Thus beyond the shorterm effects, what happens to the status of our national security?
Well enough of that rambling and back to the market. No real trades today outside of the GOOG bounce off the open and SHLD. Market having trouble with the SPX mini contract thus seems to taken out some juice. As you can see from the graph below, we are stuck in this range with low volume on the advances.