Today's Action In The Markets

 Today's action is simply traders preparing their trading portfolios for the earnings season that starts tonight. What the really good traders do is go to cash and then react to earnings reports as they come out. Also this week is the unwinding of last quarter’s window dressing and portfolio managers are unwinding the window dressing buys that they made last week, to make their portfolios look good to shareholders and are buying the dogs back that they sold last week, that they really believe will go up. The week of window dressing and the week after are always volatile as traders and portfolio managers are readjusting their portfolios on a massive scale.  Things should settle down soon as companies report their earnings.