Target Hit
S&Ps moved off the target area of 1137 to 1138. The pit is quiet at mid-day. On the downside, the key is 1131. For the upside, we need to keep above 1134-1135. Look for things to quiet at mid-day before seeing how much more upside there is left. The major target above this level is 1144.
Nasdaq futures drifted off the session highs of 1582. But activity is quiet at mid-day. One word of caution for the afternoon: We have not seen much follow-through buying above 1580.