Gotta love ZERO RISK in the SP500 = $$$

A couple of overnight gaps and first hour buying panic and the market can recover all of the sideways-lower chop for the month...last Thursday's break of 2030 turned into another massive trap, etc, etc...

 

And yet the old head & should top goes out with a whimper, such promise in those broad shoulders for a possible buying opportunity......FAIL!

 

And the best performing S&P500 sector ETF of 2016 is............. the XLE!

 

Nothing new here, futures up overnight...CNBC cries futures broadly higher, as America wakes....SHOCKER!

 

AAII Sentiment

Bullish 17.8% down 1.6
Neutral 52.9% up 6.3
Bearish 29.4% down 4.7

Weirdness continues.

 

What does this mean? The bulls have more money in the accounts?

 

Hope you are long, because we will begin ramp up at 1pm for Yellen's speech tomorrow. You are welcome in advance.

 

15 minutes to blast off. I can't wait. Yellen is coming.