I am not for sure about that answer but I have to admit the charts overall still look like they are trying to make a bottom. But like I have continuously warned about: if volume does not come back into this market on the upside, we are in danger of reversing some decent base building and that will probably discourage a lot of market participants which could open the door to more selling.

There is no other way to spin today’s action other than it was downright ugly. However, after going over my personal holdings and seeing how few stocks needed to be sold and how few actually fell on higher volume, it became clear to me that I am going to have to see more selling to confirm that this short uptrend is dead.

The Energy sector is a relatively rare visitor to the Magic Formula screen, and with high capital expenditure requirements and major cyclicity, it's not difficult to see why. This article tells you the sub-industries to avoid, and one that may contain some decent investments.

I have been extremely busy today with errands, surfing, moving furniture, and now this concert I have to run to. So I am going to just go over every data point that I noticed today and tell you what I think about it. Overall, I like this rally A LOT but I have a MAJOR problem with it, FOR NOW. The volume is simply not there.

Should you place these trades? No. Should you even think about it? No. If you’re in the New York metro area, should you spend today outside instead, enjoying the not unpleasant 55 degree weather? Most definitely.

A look at three profitable stocks that can make you a great return

It looks like we have reached an all time short interest level in the NYSE as of February 15.

Energy is still a hot sector, China and India keep using more oil, yadda yadda. You probably know the fundamentals of this story by now as well as or better than we do. But this is a trade, not an investment.