TECHNICALS -VXN

The first dip on the SMH and IWM was bought and now the question is what will happen on the next one. NAZ internals continue to underperform and stand at +540 vs a +1450 near the open.

I like to take the signals the market gives me but Adam has another take on the recent volatility dippage and the sell signals. More food for thought and does that gap in the VXN get filled?

Techs, metals, airlines, homies and oils are still the best performing sectors while the retailers lag. Also check the banks and the brokers as they trade fairly flat and don't give signals that the markets are going to rip higher today.