Wednesday evening SPY

SPY 60min

That's not a bullish looking chart.  It's still basing near the lows, which often implies continuation.  Would have to clear 142 to change the picture.

The only slightly bullish thing I see is the small inverse head & shoulders, but it really doesn't give me a warm fuzzy.  Trade carefully until this gets sorted out.

AVG - No, not "average" ....

AVG Daily Chart (11:20AM)

Internet security has been getting some press of late and AVG Technologies has a dog in that race.  They use an interesting model that offers customers free service to establish a relationship.  Once the customer is on board the company attempts to up sell by offering fuller featured products.

The stock is consolidating just above the 50 day simple moving average and looks like it is poised to move higher.  We will see very soon as they have an event scheduled for after market today.  That's right this one reports tonight.

As info: I use their antivirus software on my PCs.  Of course I use the free version because it does a good job and I'm a cheap SOB.

Wednesday morning

Trick or Treat

Markets will theoretically open normally today.  NYSE intends to use its ARCA computerized system for the open.  Not sure whether this has ever been done before, so watch out for possible .. irregularities.