SHOW ME

Well contrary to every guru on TV, the market closed with a whimper and not a bang. The SPY ripped in the pre market on the inflation news and closed up 25 cents. The QQQQ closed down .8% and the big loser on the day was SMH red by 3.25%. The oils helped the SPY stay green as the OIH was green by 1.5%. Small caps, brokers and banks were flat and as mentioned earlier the GOGO names of the recent past all closed red including AAPL AMGN BRCM GOOG and GS. The NAZ internals were slightly pink and the NYSE internals were 1k to the green side in light of higher oils and lower bond yields. The Volatility Sisters were up on the day and that is encouraging for the bulls. I am still short the SPY and the trade is a hair to the red side as of the close. It would not surprise me to see the market sell off in the next few days as the NAZ and the SEMI's are usually leading indicators.