Stocks have reversed to unchanged on the day from this mornings selling rout.

We covered our short positions into this mornings selling, and now stocks have returned to unchanged.  We had some positive indications from the Oil sector from our XLE Technometer, as well as in the Real Estate sector from our VNQ technometer.  Because of that we took the opportunity to cover our shorts and stand aside.
We think we will be entering short positions here again in a few days on further rally.
Stay tuned!