The vix recently hit a very low level which historically was associated with a reversal. As evident by the action latetly which has been very thin and choppy, there isn't much conviction in this market. I have been fading pop opens and only going long news worthy stocks or those that had a very bullish technical basis for buying. But even then, I have a very close stop. The dollar/equities correlation still in effect. Every rally in the dollar translates into a market hit. This makes it very dificult to trade.
Just sitting back watching for some leadership. Hopefully we will get some runners that have some news and become a target for the momentum guys.
