The market were split today. The QQQQs were the best performer with a nice spike at the end of the day on solid volume. The SPYs were the weakest with the IWNs trading a higher but still meandering.
My best guess is the QQQQ spike was a program trading move at the end and not the result of a big rush into the market.
The markets have been lackluster so far this week. The news hasn't been strong enough to move them higher or weak enough to move them lower. It feels like the markets are waiting for an extraneous event to move them.
Book Bits | 5.18.13
1 hour ago