10:42 am EDT:  We would protect any day trade shorts entered from the pivot area (see morning report) with a tight stop just above the 1049.75 level.  There have been more upside than downside surprises in this rally.  As this is shaping up to be a non-trending day, we would tighten stops if price reaches the 1040 to 1043 area (about to be hit as we write).  Still not looking for longs unless 1049.75 is taken out.  Will most likely not look to fade strength or weakness out of the current combined session range of 1039.75 to 1049.75.