Quick Market Update

Talk about myopic, this update falls in to that category, but we also should remember what the expectations were yesterday when we weren't in the middle of a market that is doing absolutely nothing right now.

We expected early weakness, we had a positive daily reversal candle in place and positive trends on the slightly longer charts (as in what happens after the opening weakness) and the expectation that the turn around in the market would likely be VERY swift as the market showed us yesterday during regular hours and last week during after hours in futures.

So those were the ideas coming in to today and I think they are worth remembering. Obviously after the weekend we could have a huge move to the up or downside depending on what comes out of the talks, I can't say what I'll do at the end of the day today when I haven't even seen how the rest of the day plays out, but I suspect I wouldn't be changing any positions, still have option(calls) in place for the SPY and still have the longer term, less leveraged shorts in place for the next trend.

THAT BEING SAID, there is some slight improvement (which is big considering the underlying tone of the market has been just as dull as the market the last hour or so) in the QQQ and DIA as well as NDX futures.