Market update -staying neutral waiting for market for direction

Market recovery?

If we look at the copper and crude prices, we can use these two commodities as a barometer of the recovery. Copper has pulled back and so has crude oil. Crude pulled back about 10 dollars in a matter of a week.

Options expiration week is coming up. I'm out of the market except for my IBM 105C calendar. We are at critical levels on the SPX and RUT. If we go up on anemic volume I will get short again and if we break the supports levels about 870 on SPX and 470 on RUT, I will get short. In the meantime I'm neutral and waiting for the market to show its hand to me.