So Much for the Healthcare Scare

The rookies were selling the gap down open today, and since this market doesn't have many rookies and chumps left, we went straight up.  The market is carving out a range from 1147 to 1165, which corresponds roughly from 1150 to 1170 on the SPX.   I see this market trading in a fairly narrow range this week, I would be a seller around 1165, and a buyer around 1147.  If we are going to overshoot, I think we'll probably overshoot on the upside.  Healthcare bill and Greece are keeping bulls from getting overly excited, which probably means that we can grind a bit higher from here for a couple more days.