Today the markets closed higher but it wasn't a great day for the bulls. The volume fell from yesterday and the advance decline lines were weak in the high beta areas. This divergence is usually a sign of weakness under the surface.

The next few days will be critical to tell whether this market can muster a real correction and scare some bullishness out of the crowd or not. If it doesn't then the "melt up here and now" scenario may be on. I don't think that's the case but I'll let price tell me what it wants to do. A break of 875 would be a clue. That's sort of my line in the sand.

I'm still not interested in "owning stocks the long term" yet. I believe we'll see true value one day, but that day's not here. Until then it's a traders world and everyone else will just have to live in it.

So its off to the park for another game in a marathon week.  It's 81 degrees outside with crystal clear blue skies. Gotta go.