Some weeks/months it feels like you can type the same post every day. This is one of those periods. We have a moderate down open to begin the day as both JPMorgan (JPM) and Goldman Sachs (GS) did enough to not create major waves. Overnight the major news items were a drop in loan demand in China per their version of the beige book, and Tom Demark saying a short term bottom is in for Apple (AAPL) either yesterday or today – sees upside to $600. Other than that we're in this infinite loops – S&P 1472ish has been a top for the past 4 days intraday.
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