JIMMY CRACKED

No point in tracking Jimmy today as he doesn't give us a pick for the Maserati and says to buy Alcan Aluminum. No mention of the BOL blowup either. Ok, maybe it never happened.

Back to the important stuff, the market internals are dismal at 3,200 to the red and lots of depressed people on CNBC. Is that a tell? Also, I just heard Maria B tell us all what a great year tech has had already. Y0, Maria, the QQQQ is up about 3.5% on the year and the Morgan Stanley Hi Tech index is up 4.5%. I think most folks would be disappointed if that were considered a terrific quarter.

The Volatility Sisters are our lone bright spot on the day as the VIX and the VXO are both giving ETF buy signals as they are stretched more than 10% from their 10 day SMA'S.

SPY has hit the level I was looking for and is now trading at 128.5 with a 2 day RSI of under 9 and I continue to scale in to the trade.

Tomorrow's Pivot Point looks to be in the 129 area and support and resistance at 127.8 and 129.65.