It Just Ain't So

Bears are still finding out that it is tough to protect a major selloff onto this uniquely resilient market, as dip-buyers did a pretty good job keeping the pullback shallow today. 

The $148.50 area on IWM and 2550 on the S&P 500 Index were levels we flagged early this morning for Members, in order to gauge the strength of this pullback, or lack thereof.

Indeed, while the likes of AAPL HMNY UAL had rough sessions, overall many parts of the tape held up well, namely the homebuilder sector.

Tonight, we have a big list of earnings, including PFPT PYPL TACO TEAM, then CLF GE HON SLB tomorrow morning. So, I am looking to see whether bulls continue to keep things shallow.