Smoking Pot...

A flood of selling hit the markets during the final few minutes of trading and a few psychological levels were hit:

Rejection of SPY highs, closing below 158
Rejection of VIX lows, closing above 13.50 and ending in the green
DJIA closed in the red 
Nasdaq and S&P nearly flat 
DJT broke above and maintained 6100 level


Is this the calm before the storm?  Tomorrow's Unemployment Claims and Friday's GDP figures will hopefully be directional.  

I was enamoured with Rick Santelli and Bob Pisani's interpretations of the markets today - particularly with Mr. Santelli.  The interest rate environment is artificially low.  There are divergences forming.  

It would be interesting to see US GDP figures on Friday as all month, economic barometers from Retail Sales to PPI to Durable Goods Orders not only missed expectations, but were negative.  And the bulls are still expecting 3.1% GDP growth quarter over quarter!  


+0.45% SBA
+0.02% Roth IRA

-0.29% DJIA
+0.01% Nasdaq
00.00% S&P 

+0.40% FTSE
+0.74% Eurofirst
+2.32% Nikkei
+1.55% Shanghai

+2.77% WTI
+1.54% Brent
+1.43% Gold
+2.71% Copper
+0.08% Corn

+0.62% DJT
+0.96% VIX