THE WRAP UP

The market simply went down in the early morning and pretty much sat there the rest of the day- Not much excitement (unless you were long the energy patch)- My take is that the Volatility Indexes are simply too low for the market too get much of a rally going- That coupled with last weeks rally and todays ramp in crude spelled problems for the bulls right from the get go- I for one will probably not be interested in the Long side of this market until SP 500 of around 1250/1260-

The closing numbers DJIA -46 NAZDOG-20 SNP 500 -4.3