L-3 appears to be holding yesterday's lows (72.29) quite easily thus far and is trading right around the 73.00 area on low volume.

This is a positive sign, amidst a market that has given back all of yesterday's gains.

On a another note, the SPX needs to close above 1053 in order to finally have a close above the all-important 20 month moving average. Once a market clears this MA on the upside, it portends further gains.

Doesn't look like October will be the month to do this, unless bargain hunters step in and rally the SPX back 9 points from current levels at 1044 at 12:40PM Eastern.