REJECTED

Low and behold right at the 130 Pivot Point the SPY is rejected. The oil stocks were screaming higher on the EIA Inventory news and are now all over the board. The market internals have flipped to green, but they are also all over the place.

Market sectors are still mixed with yikes SMALL Caps leading the way(+.3%). Oils and Metals are higher, financials mixed, 10 year Bond unchanged and the Semis hanging in with SMH unchanged and the SOX down 3 points.

The Volatility ladies are another conundrum as they refuse to jump off the mat regardless of the moves in the market.