I really don't have much to say about the S&P. As you can see the market had an outside day today as well as an inside week. So what exactly does that mean? I have no idea but I figured it sounded good so I wrote it.
The S&P did manage to post another close below its 50 day moving average. I'm leaning towards the short side but I'm more interested in playing individual stocks from the long and short side as opposed to making a market bet. The market can go in either direction from here so I see no edge in trying to guess, however there are stocks and groups that are in clear trends which are giving us an edge and that is what I've been focusing on.
Update: SouthGobi Resources Fined $18 Million
34 minutes ago