Today was extremely choppy with the Dow managing a small gain and the NASDAQ falling close to 1%. Breadth stayed poor all day. Oil and Gold led on the day with select technology such as semiconductors and networkers seeing the brunt of the selling. Despite a report that didn't give bulls much to chew on, we are very pleased to have the FOMC meeting out of the way, as well as the bulk of earnings announcements.

It is very tough to make unbiased comments on today's action from our perspective as we struggled today as a result of a few unfortunate surprises that more than offset some winners.

It was one of those days when we had one unpleasant surprise followed by another. Despite some bright spots among the position sheet, we simply couldn't get any positive momentum
going and took our fare share of hits.

Luckily, Mr. Market is generous enough to offer us yet another brand new opportunity tomorrow. If subscribers struggled today, take heed that we have been here before and we will be here again. However if we remain disciplined and true to our shark style, before we know it we will be back to highs with this and other down days dim memories.

Have a good evening.

RevShark