STOP TRADING NOW

Maybe its time to change the header to "oops I did it again" as Jimmy top ticked the market by proclaiming "12 reasons to love the market."

The DJIA is now off 100 points from its high of the day and the QQQQ is flat. The market internals were quite the tell today as they were never strong and now show 1,000 more issues losing than winning.

The oil patch is back to flat after ripping higher and Reits, Homies, Retail and Bios are all trading ugly. GS and the brokers continue to trade well and eat up the ever present shorts.

The SPY story was told early as the 131 high from last week and todays secondary resistance at the 130.7 area was too stiff an area to break.

Tomorows SPY Pivot Point at the 130.15 area may be setting up for a nice trade to the long side.