Daily Market Summary

S&P futures are down 0.06 % in morning trading
Crude oil futures are down 1.18%
Gold futures are down 1.94%
Bond Futures are up 0.02%

The markets are in a slow grind up phase.The volatility index is slowly dropping and we expect to see the markets edging slightly higher the next few days. I think we will see a movement to the 2070 to 2080 level in the S&P futures before seeing a pullback.

Trip Advisor Inc (TRIP) just entered State 8 yesterday. We expect to see a 10%-16% correction in the next 30 trading days

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