DONE

The big news of the day is obviously the flip in the oils from green to red as VLO LSS MVK SWN FTO XTO all get torched. What do they say "the largest corrections come in the middle of bull markets." Never another up day in the oil patch (lol). The metals (+1.5%) are bucking the trend as gold trades back up to the 638 area.

Big Cap tech (QQQQ/SMH) and the Small Caps close flat and market internals close at 400 to the good after being higher by 1,500 in the early morning trade. The SPY closes near the Pivot level of 130.5 after bouncing between there and 131 all day. The tell of the brokers was non telling as they close flat and traded that way all day.

Volatility indexes continue to hover at unchanged levels and offer no new buy or sell signals. Hopefully, anyone who caught my SPY buy signal yesterday, exited the trade with some decent coin. As I have mentioned a few times, I think lower as we probably need more fear before we can lift.

Tomorrow's SPY Pivot looks to be at the 130.65 level with support and resistance around 130.15 and 131 respectively.

I will probably not be posting tomorrow as I need to take care of some personal business. So back late in the day or first thing on Friday.