bull needs to make a stand

Talking about volatility ! today is yet another day of whipsaw.  I lost the count of  how many times DOW has been reversed. At the end, DOW and SP500 stayed almost where they were when the market opened. 

NASDAQ is a different matter, with bad news from DELL, CSCO, semiconductor companys, it is becoming the weakest link of the overall market.

Commodities and energies get hammered again. Just in last week, this would be a good reason to push the market to the top. Obviously, things has changed.   For a change, financials and home builders are enjoying the moment.  

One could argue that the volatilities shows that the market is hesitate or lost of the direction. however, too much hesitation normally leads the market further down.  so, we need super careful in the next few sessions.

For market maintaining a higher lows formation -- ascending triangle, SP500 has to show a little more strength and has to make a stand here.   if SP500 continue to slide, then, our hope for a better month could fade.

So, tomorrow is an important day !