Cut and Dice

With the macro warning signals in stocks being set off last Friday the stock market now is a good candidate for short term traders going both ways.  What this means is that the macro bull signal from the October lows is suspect and yet still intact enough to give rallys.  On the other hand this also means that short sellers can play the ranges as the macro bull signal is not strong enough to counteract.  This will come to an abrupt end at some point but for now you are looking at a 1286 to 1354 S&P broad range with a secondary swing point at 1320, right about where the market will open this morning.