On the other hand... http://beforeitsnews.com/self-suffi...ce-and-changes-them-for-the-gold-2497438.html
Look for "weaker than expected" data this week to give the federal reserve cover to keep rates unchanged..
bad news anywhere is good news to the US as long as world central bankers are either in QE mode or hesitating for 10 years to hike .25 (deep dovish). Even if they hike .25, poor data following this will prevent any more hikes for months and months and may not happen it turns out in a completely dovish Fed controlled environment, the market does not require good earnings or even truthful earnings, world growth of any size at all, peace, stable emerging markets, a china growth story, stable crude prices, low or even moderate USD, stable IPO market, good or even moderate Christmas sales, stable base metals/world commodities or even stable political environments in Europe/South China Sea/Middle East In fact, if your bearish or generally trade on the short side you could short any of the mentioned above at will and make good (very good) money for quite some time to come (except the USD which is a bullish play)..
Sell off what sell off, the magic index futures are working to erase the sell off on 1/10 the volume, magical don't you think.
I think right now, because of China overnight and lower than usual volume, its better to wait for any dip (smaller dip is fine), watch how the dip acts to feel a bottom in the dip and then buy it...instead of looking for upward movement and then riding it higher. Higher side seems to have some limits currently, where lower side just gets bought every time. This may change as China state starts propping their market again and volume picks up into the week.