11:00 UPDATE

The SPY hit its head this morning at the 131 area or Second resistance and I sold the balance of my stock that was purchased on Tuesday. The "tell" again was the "lackadaisical" action of the market internals. They never got near yesterdays numbers and started rolling over soon after the open. They are now about 600 to the red.

Todays Pivot Point is back at the 130 area and that may be a good buy area for a day trade if the internals don't get too much worse.

The best performing sectors so far are Tech(+.65%), Metals (+2.5%), and Oils(+.5%). All the sectors are way off their opening hour highs. The worst performing sectors are Homies(-.5%), Reits(-.5%), Consumers and Retailers.

Please note that the 10 year Bond is up to 4.85% and they put a little cap on stocks for now.