Fairly uneventful day in the equity markets as the SPX closed down 2.75, the NAZ -5 and the DJIA +1.
Strongest sectors- nat gas, defense, semis, airlines and biotech while gaming, reits, metals, banks and brokers lagged.
NYSE- 275 net winners;
NAZ- flat internals;
SPX- 235 up and 255 down;
NDX- 45 GREEN;
TRIN- 1.55 down volume about 1.5x the up;
VIX- higher by 4% and about even with the SMA 10.
RSI 2 levels on major indexes as follows:
So some stuff in pullback areas but thinking we go lower so holding some powder dry- did sell some DGP today to lower the exposure and take a little risk off the table although I suspect we go higher before long.