Spanish Fly in the Ointment

Maximus: Are you not entertained? Is this not why you are here?
Crowd: Spaniard! Spaniard! Spaniard!
--Gladiator

We've now seen a few days of +/- one percent swings in the major indices. The return of interday volatility has me alert for trend exhaustion/reversal.

Starting to get some hints that coincident and trailing economic indicators may in fact be rolling over per Dr J.

Plus, it's raining in Spain. EU probs seem once again headed to forefront.

position in SPX