The PREM after hitting a high just after 12:45 went into a continue trend mode, and the indexes pulled back a little before going sideways. Didn't understand what was happening, until news out of Virginia explained it. A news conference had been called about two suppects that had been arrested. And as soon as the news conference started and basically said nothing, the PREM spiked up. Da boyz in the futures pits were waiting to see what the story was. If this turns out to be terrosism, look for the markets to tank.
The PREM hit a little higher HOD at 1:28, but still short of buy levels. Hm, PREM looks like it could be turning down now. That may have been it. The SPX and Dow had started new up trends, but now have broken to the down side. The COMP and NDX have been putting in lower highs.
MSFT got turned back short of 53 about an hour ago and is still down trending.
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