May have Missed the Shorting Sweetspot

The overnight down action puts into question the 1437 sell sweetspot in the S&P 500.  There is no question that we have been in a topping zone this week, but we would allow this day to play out before making another shorting point decision.

In the bigger picture, rising commodity prices are not the reason to look for a declining stock market, in fact the next stock market decline will see commodities drop in tandem with stocks for the majority of the move.