OptionsVest

Some good news from technology companies did not help the markets break through the resistance that continues hold back the stock market. A drop in the index of leading U.S. economic indicators for January was just one of the news items that contributed to the market’s steady fade.The most interesting thing about today’s market was not the fact that it finished about where it began yesterday, but the fact that the VIX finished considerably lower than it opened yesterday. There is not a lot of conviction in this market. The panic selling has died down, but the market continues to fall because there are just no buyers out there.

- JD