UGLY IS UGLY

DJIA -500, NAZ 98 and SPX -53 and at/near the 955 50% retrace level.

A not so great welcome for the new President but there was a pretty good run up in the weeks before the election when his win was baked in the cake.

NYSE- 1880 net losers;

NAZ- 1666 net losers;

Biggest sector losers- emerging markets, real estate, banks, homies and brokers.

VIX- up 15% at 55;

OK that was a day I spent sitting on my hands with hardly a trade- as usual tomorow will be interesting to see if the dippers show - wouldn't be surprising.