Thoughts

Sometimes we take health for granted. I have been suffering from sinus problems since I was a little boy but over the last few years I have seen so much death and sickness that I feel blessed I am only suffering from my sinuses.
This past weekend my best friend called me about a friend who we had in high school that is suffering from cancer and it doesn't look good. My prayers are out to them and their love ones in this time. It is good to have real good friends and I mean real good friends not people who just know you but people who are there in good and bad times for you.
One of my closest friends, brother in law was on dying bed two years ago and if you saw him today you would never believe; he is alive and well and shows no signs of being ill.
We never know what the outcome will be, no matter how dire the situation seems, so all we can do is pray and have some faith for the best for those who are suffering.

Neutral

I am taking a neutral stands on the markets here- I think we are in limp mode and I am not going to guess what will happen next. We are year to date down but remember the longer they hold this level the year over year to date will start to look positive because of last year's early sell off though we are not moving here.

Better to stay put and watch multiple time frames for any clues shorter term.

Short Term structure:S&P

Very possible that we working off the sell off BUT looks like we might try for higher.

Shorten week

With the holiday yesterday we have a shorten trading week. Usual trend is for today to be a up day when the market opens back after a 3 day weekend, so it will be kind of distorted.
Woke up this morning first day in a week without an sinus headache, hope we stays that way.

Reading

Catching up on my reading, I stumbled upon this - WOW


http://finance.yahoo.com/banking-budgeting/article/108837/dead-cat

FLIR-

FLIR very weak technical chart keep this one on your short list

Holiday today

Today is a holiday and boy do I need it. Still suffering from bad sinus headaches geez- below is a SPX chart of the recent bounce. Notice it is very weak.