Thursday market consolidating

Indices were mixed today, Thursday. The market is consolidating recent gains. BATS is released tomorrow. Expect the market to be higher for the BATS release (priced at $19 per share), then flat to lower.

This is a good time to go to cash, and possibly consider shorting the banking sector.
 
XLF Financial Select Sector SPDR ETF 22.98 +0.05
IYF iShares US Financials 86.05 +1.73
SKF ProShares UltraShort Financials 45.73 -0.23. Day range 45.36 - 46.29.

VALE pops

Broad indices were up nearly 1%.

The Yen continues to show strength, up about 11% this year. US Dollar is at 94.

SPX 2,061.72
DOW 17,721.25
 
VALE 5.32 0.44(9.02%) 
There has been strong up-volume the past three days. Nice move today, could be time for a pause.

Platinum is nearing round-number 1000. Could be time for a pause or a short.
PPLT 96.39 1.25

April 2 Weekend, SPX DOW VALE

This market is strong with nary a pull-back after quarter-closing. Next year may surprise those on the sidelines.

The indices closed up on the day. Let's watch for any correction in the indices next week as a possible buying opportunity.

DOW 51.14

SPX 2072.78

VALE 4.30
This miner is looking to retest the March highs. Either wait to see how VALE retests the March highs, or the impatient can start a small long position here.