Futures trading lower this evening at 6 o'clock with the ES -1.75, NQ -2.75 and YM -18.

My short term take on equities- probably a bit more upside action as we get markups on Monday and then beginning of the month, quarter, half money coming in for the rest of week - after that probably a dip as we are short term overbought according to RSI (2) levels - the VIX is way down on a relative basis - so probably good the next few days and not so good toward the end of the week.

Links form the last day or so:

BING preferable to GOOG but no one seems to care- yet;

MV on why Buy and Hold maybe dead;

DR. BRETT with some recent market lessons;

Dougie looking at some sideways action;

A QOTD from Kedrosky;

VIX+MORE looking at VIX mid 20's;

The Quant seeing some downside;

And the most expensive real estate in the world;


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