VIX ended the day below 18, so I am guessing we are hitting some turbulence but unless the fear index kicks up pretty good, I can;t say this is any more than a correction to primary trend at this point.
I am monitoring all kinds of action, so if have get PROOF technically from the selling mechanism that we have a trend change we will deal with that when it comes.
Commodities were due for some froth to come out. I sold my position in JJG (grains) at Friday close and avoided a draw down today, I had felt it was coming and decided to come out of that trade.
SMall business optimism fell last month and REMAINS in Recessionary territory, it never left! I will be getting some data later tonight that may help solve some of the riddle, and good chance the decline has further to go.
D
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