Profunds index and sector trading

[was Steve]

yes but it didnt make my threshold for ndx. we had 5 straight trading days where the spx futes traded up 10 pts and ndx was up probably an avg of 19 with the low around 14 at one point in the night. no doubt 10 pts is significant, but the magnitude is getting smaller.

whats so evil is all of these failed ramps we have had will eventually have one big gap down and it wont come back. this is the biggest distribution top i have ever seen in the spx. it is going to end ugly.

overall today should be pretty much a snorefest.

steve