THE BLAHS

Another difficult day to watch equities as the chop/slop was brutal from open to close- the SPX closed flat , the NAZ +6 and the DJIA -14.

Strongest sectors- gaming, homies, internets, reits and brokers while airlines, metals, biotech, drugs and semis lagged.

RSI 2 levels at/near 100 on most major indexes so a pullback should happen pretty soon and tomorrow is Turnaround Tuesday - so be aware there.

VIX about 17.6 and nearly 8% below the SMA 10-

Not much trading of late - as been taking it a bit easy of late- still net long and not desire to change that any time soon- IMHO pullbacks are for buying-