our trader this morning is dan deming. he's market specialist at stutland equities. let me ask you about the s &p 500. it's getting a lot of attention. > >we're seeing a push back up toward the high end of the range. basically we saw close yesterday at 1878. the high close was 1890. so just a shade off of the high close we saw a few weeks ago heading into april. we'll see if we can push that level as we roll out of april. > >it's been influenced by all the worries about the ukraine. i would have thought that the vix would have been higher than it is right now. > >we saw a spike up a couple of weeks ago when we saw the market give up some of the gains but now basically we're seeing the vix back up under pressure. the market is starting ti focus on the earnings aspect of things and we're seeing with that the market reacting pretty positively and we're seeing the vix basically under pressure down so it's a low end of the range now. > >that 7 for 1 split on apple is pretty big news. was that done strategically to get it into the dow? > >there is some speculation that was

joining us now is dan deming of stutland equities. good morning dan. as you're looking at the charts , what are you seeing as buyers step up the pace? >>yesterday was a pretty positive sign for the market. first day of the 2nd quarter and already we saw a significant upmove in most of the major averages. so the s&p closed at record highs, we saw the nasdaq up about 1.5% yesterdaya very significant jump and it jumped back above its 50 day moving average as wellso those are 2 big positive signs from yesterday. >>are there any signs in the market that we could see a big collapse? >>on the surface the market looks pretty good. when those kind of things happen they come a little out of left field so it's hard to plan for them unless you plan ahead and that's why i think the vix is such an important part of any portfolio. but looking at what's going on in the market right nowrolling into the 2nd quarter the market was able to consolidate and hold above significant support at levels. right now you are seeing money flowing into the market for the 2nd quarter a

dan deming of stutland equities is here to take us deeper into the charts with the overall stock market action. good morning dan >>good morning angie. >>what did you think about yesterday's rally? was there any conviction there? anything solid happening? >>at least there's the stemming of the tide right now. we did see some selling early in the morning yesterday but the market was able to bounce back from that and build on the gains later in the afternoon closing closer to the highs than the lows of the day. so short term, some stabilization but i can tell you just from the feeling on the floor it didn't feel like it had a lot of conviction like you mentioned. i feel like there's a lot of new buying coming in so i'm not sure if this is necessarily a bottom yet. >>what are you seeing from the so called smart money? the institutional playersthe people who are the big money managers? >>like is said, we've seen a lot of selling of downside puts in the vix which would indicate that they feel there's a floor on the vix. basically what they're selling are the 14 puts across the line. they don'