Gap and crap from 940 at 10am to 914 at 1pm

pretty severe down move off of the overnight globex high trade at 955-960.

there are a number of arguments that the S&P continues to be in a range of 900-1000 since the low close at 888 on October 10th (834.70 on oct 29th new moon low)

914 came up as a target on the way down off of the election rally (and the S&P made hourly lows at 907.5 and 904.5 (dow cash 8752 and 8695 Notice the DOW is outperforming today)

so i am trying to wait (not very successfully since i am still trading) for the S&P to let me know that either it is an acceleration move under 800 or perhaps a 2nd leg up towards 1065 before the acceleration under 800

bought eminis at 914 and 911.50(Friday's's 3pm hourly)

on the Stock front, the Stem cell stocks -STEM, GERN and CUR are up nicely but off of their highs. it would seem like the S&P needs to rally to get these things to start going alot higher for a few days (ie 50-100% returns is the goal)

OSIR going sideways to lower but that does not bother me yet since OSIR has a real business unlike STEM, GERN and CUR

ASTM is an even bigger POS trading at $0.68 and looking like $1 is in the cards

CBSY, QCOR and ICUI all higher and MYGN ready to explode on volume over $72 (base on base)

EBS opened higher and fell unde $20 buy point. be careful and add slowly over $20/21/22 with $28 possible if the S&P is rallying big time (doubtful)



Although Oil is well off of its highs, Natural Gas remains firmly higher and UNG is looking okay with an add point over $33. Another good looking chart is LG

Gold off of its highs too but a few stocks hanging in there KGC, EGO