Monday morning update

Internals are flat but quite a divergence with the ticks as it is trending negatively. Historically Dec Op Ex week is one of the strongest of the year. It would appear that all of the seasonal tendencies are playing out. I wonder what happens when the smart money starts taking money off in the New Year. Anyway from the tape action, it's clear that this market will just not go down. Blame it on the Fed's POMO but whatever it is, it just isn't providing a good opportunity to get long again as I'm still waiting for a half decent dip.