It must be a challenge to be a headline writer. I struggle with it myself on some days and Wednesday was no exception. The VIX is still above 20, if only barely, which doesn't square with the action. It's almost as if many have one hand on the exit door. Thursday is the CPI, Housing Starts, Jobless Claims (383K consensus) and the Philly Fed Survey (10 consensus). In addition we'll have more earnings to digest. 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. Active Portfolios: No Positions. Our Lazy & Hedged Lazy Portfolios maintain the follow positions: PGF, XLK, QQQ, QLD, XBI, EPHE, VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU.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.