The markets cast their "no confidence" ballots yet again today, where the selling is not becoming relentless. Not a single relief rally all day long. We did have a little pullback to the 20EMA (15-min chart of SPY) that also coincided with vwap.
Volume declined on the trend down, while increased in the push up to vwap; curious that we didn't get a larger retracement beyond the 15-min 20-EMA
Between the AIG news this morning and the pathetic TICK readings, we had a pretty high probability assumption as to where price was heading early on.
So, with that our money plays were in SRS, SKF, SMN, et.al. right at the 10a.m. opening range break; resistance becomes support
Volume declined on the trend down, while increased in the push up to vwap; curious that we didn't get a larger retracement beyond the 15-min 20-EMA 
Between the AIG news this morning and the pathetic TICK readings, we had a pretty high probability assumption as to where price was heading early on.
So, with that our money plays were in SRS, SKF, SMN, et.al. right at the 10a.m. opening range break; resistance becomes support
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