ZZzzzzz.

Bottom end of our new and tight range. Overpriced tech stocks floating down to earth. Energy stocks refusing to skyrocket with oil. A little fear for a change.

I hope you all had a chance to lessen your risk exposure as the “Government as the Greatest Fool” rally pushed ever higher. Now we segue into a new trading range that bookends the one from the summer.

Expect the dip buyers to find a reason to JBTFD as we are still above the Egypt low at SPX 1275. But the 1250 area will be tested and it even looks like the 1200 area is fair game.

But don’t worry as reality has no place in the stock market and Uncle Ben has your back, right?