Large caps - or I could say AAPL and some related technology companies - were positive today. However, all closed far below their highs of the day. The RUT actually closed lower today.
Overnight action has not held and the NDX is already down 0.3%. The SKEW is still high although back down to 133. VIX fell today, while VXST rose. This puts the VXST/VIX ratio positive, which is a negative for the market. This has not happened at these low levels of VIX for a long time.
I did not put on any new trades today. I may have missed some easy money, but the tide is not yet even going out.
