Weak PMI data from China and the Euro Zone caused some concern on Wall Street this morning, so markets opened weakly and mostly chopped sideways all day. SPX lost $10 to close at $1393 and RUT traded down $8 to $821. Trading volume was weak with 2.7 billion shares of the S&P 500 trading; trading volume was up 7% on the NYSE and down 2% on NASDAQ. Support levels are holding amid these gradual declines; is this heading for a significant correction? Or is the market just slowly correcting over a longer period of time?

Initial unemployment claims came in lower by 10k at 348k and continuing claims dropped by 10k as well - small improvement, but improvements.

The VIX jumped up less on half a point on today's negative trading to close at 15.6%, still relatively low.

My April iron condor on RUT is up $1,920 with delta = +$8 and theta = +$60.