Strange, Strange Market

I'm going to urge patience, there may be some things we come across, but there was definitely a reason for the cycle that started to be put together Thursday and moved Friday.

I now think it may be more about getting out of whatever positions possible at or near VWAP.

Earlier today around noon CONTEXT was +10 points, now it is flat at ZERO. The 3C charts I told you about, very short term intraday positive as ig to save the market from falling are there, but the slightly longer, stronger are falling apart.

Leading Indicators show Credit was already dislocated, but on the market's afternoon bounce attempt, HYG and JUNK Credit went the EXACT OPPOSITE direction, down and I don't see anything in 3C that makes me think they'll try to use HYG to hold up the market, making me think they don't want to be caught when the music stops without a chair.

Sentiment indicators that were positive yesterday are at best in line, one is negative and specifically at the afternoon bounce attempt.

VIX futures were unremarkable yesterday, today they not only look like they are in a reversal process and pretty far along, but they are seeing a serious bid for protection that wasn't there yesterday. Commods wouldn't even follow the market this afternoon,

This is a strange market, it REALLY looks like they are doing the bare minimum to prop it close to VWAP where selling or short selling would take place.

I'm very anxious to get in to some positions, especially as the market looks like this, but most of us have some short exposure, I WOULD URGE PATIENCE, IT OFTEN PAYS OUT THE BIGGEST.

Lets see what this is and where the opportunities are.

Charts after the close.