Thursday, November 15, 2012
S&P 500 close November 15 2012
Although the market was down it held above 1350 after testing it twice and one of those the last half hour of trading. The S&P 500 is still holding in its oversold condition. I think we could bounce a little off these levels but probably expect a retest of 1350 first. The VIX was essentially flat today, holding at 18. Still a very orderly sell off and no panic moves. Long term sentiment has not changed.