The VIX levels are "vexing" given market behavior since you'd imagine the level much higher. The NYMO is getting oversold but not quite yet. Tomorrow is Jobless Claims and the consensus is for a reading of 390K with a range of 383K-400K. It's a guessing game since so many are dropping off the rolls and there is seasonal temp hiring at retailers. Perhaps more important is the Philly Fed Survey, Industrial Production and NY Empire State Mfg data. Let's see what happens. Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts. Our Lazy & Hedged Lazy Portfolios maintain the follow positions: ACTIVE PORTFOLIOS: NO POSITIONS LAZY HEDGED PORTFOLIOS: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, EWU, EWD, GXG, THD, AFK, BRAQ, CHIQ, TUR, & VNM.The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.