Below The Surface

The market was flat today but the internals stunk. The advance decline numbers were 21% up 75% down at the NYSE and 32% up 63% down at the Nasdaq.

I do think some of the oils have over corrected and may look to add back some more exposure soon.

World markets continue to get hit hard as well. This is not easy but as I wrote previously this is part of the bargain. I have to think some sort of bounce will be coming soon. I hope it turns into a rally (perhaps oil can be a catalyst), but that may be a tall order.

One other thought I have, is a repeat from before, is that as long as we have the range bound market, that so many people predicted would be the case for years, this is what it will feel like.

Tomorrow is the last day of classes so normal blogging will resume on Friday.