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Meandering

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY closed up 0.92% yesterday.

With no conviction.

SPY up bias but bulls resolve wanting.

SPOOS are giving up most of yesterday's gain, down -21 handles as of now.

Banks (BAC, MS) earnings reaction is indicated negative pre-open.

Weak XLF sure to pressure SPY to the down side in the early going.

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