August 9th end of day

Posted: August 9th, 2012 at 11:09 pm

There was a roughly equal number of decliners and advances among the Dow .The stock indices were little changed Thursday after a mixed bag of economic reports failed to show the direction of the global economy thus we chop in light volume

No prediction with the spy for tomorrow, I want to wait for more volume and a larger move up or down. One think to take note of is that the bonds are pushing and the vix is very low. This makes me very cautious on the long side.