Profunds index and sector trading

[was Steve]

ndx was unable to get past the 1497/98 area. not real encourageing for the bull case. ndx is close to a close on high signal but dont know if it hits today. stochastics on 5 min charts say it wants to consolidate/sell down for a few hours. it may try another run in afternoon or may croak. no strong opinions as i have been beaten within an inch of life by RE sector this am. it was down 10.5% at its low a few min ago.