When volatility arises like it has lately, it is a sign of consternation and churn. Problem always is about trying to decide if it really is a "turn" or not. It's too early too know that with certainty but it's not too early to get cautious and turn defensive. That's the stance I have spoke about for a couple weeks now. Hopefully you took that to heart. Europe is the problem child again and their problems are not going to simply go away as everyone would wish. Most companies that are reporting are finding it very difficult to increase revenues. They can keep squeezing out profits but revenues for most are not growing as desired. When that happens, the market gets worried. It is worried. You should be too. Stay cautious until the charts reset and give us an all clear signal would be my best advice.