Another wild day

Today's trading was anything but quiescent as opening and closing prices would have you believe. First half of the day the market was up substantially on a regular volume, and then the last half was down on a larger volume. But the bears in the late day action didn't have enough punch to prove anyone of their potency. This lets me to believe that there are enough bull-heads around that a tepid onslaught from bears will not be that much effective. For bears to succeed in the present mindset of the market they will need a surprising bad news and talking heads piling on - something like all the stimulus package was stolen by some people. Baring that kind of news cycle I remain on the long side since the bias now is on the long side. I will stay on the long side until I get driven out by a 5% move down on the SP500 which could happen. I am keeping my stop loss order for SSO at 16.29.