Today was all about window dressing and undressing.  It’s tough to take 100 points up and then 100 points down but don’t make too much of it.  Overall, it was a bit disappointing for the bulls to not be able to go on a run with all the economic data ripe for their spinning.  But like I said, it’s better to leave today’s action in the past and not give it too much thought.  The overall trend has been down for the month of June and yet, the market is still hanging on.  I’ve been bearish for the past two months and the reality is that we are 10 points higher on the S&P 500 since the HEDGEfolios Timing Indicator had a bearish crossover on April 30th.  So, as much as I like to be right - it hasn’t happened yet and today’s action didn’t do anything to change my opinion one way or the other.  Next week will be tough to evaluate as well given the Wednesday holiday and the light trading that will likely occur before and after.   Enjoy your weekend.