($SPX, $SPY) It’s been a very difficult market to position but an easier market for day-trading if that’s your thing. Most investors want risk management tools more than ever and sometimes just being out of the market is wisest. At least many must feel this way since they’ve withdrawn over $75 billion from equity funds since April. This confirms they don’t trust markets and being on the sidelines is their risk management tool. Equity markets are nervous (high VIX) and jumpy with rumors creating volatile conditions.-D.Fray