LATE TRADE

Wacky day that will probably close near the unchanged level on all the major indexes except for the NDX which is up 21.

Strong sectors included metals, banks, biotech and defense while steel, gaming, airlines and trannies lagged.

Market internals much weaker than markets with 1300 net losers on the NYSE/NAZ.

Strategy for now- looks like 1260 on the SPX is a short /intermediate term low unless oil starts to rip higher - One idea for a trade is long SPY/DIA/QQQQ with a stop under the 1257 low from March- looks like a good risk to reward set up and one can scale into it.

And today's reversal higher looks pretty pretty familiar.

BESPOKE- with an update on the guru's and it looks pretty ugly for that group as most targets look pretty pretty unreachable by year end.