Market Update

 Most of the market has looked like this today, I can't say it's a huge surprise stops were run, the question is "where to now?"

So far the DIA is the only one showing anything positive. The Q's have a slight positive bias to them, the SPY is just in line, so we'll find out shortly if this was a fishing expedition for stops or we are simply consolidating right now for a move down.

The Beige Book came out at 2 p.m., I haven't had a chance to see what it has to say. I'll let you know if any of the averages start to show anything interesting.

USO is consolidating right where it should be, there's some minor improvement in the consolidation, but still a ways off from confirmation.