A disappointing report on US Factory orders, helped the Dow move lower while all ten groups in the S&P 500 fell at least 0.4 percent, with Chevron (CVX) down 1.1 percent and Wal-Mart down 1.7 percent, leading the decline. This drop off could be merely based on people taking profits from a stellar January, however the markets, specifically the S&P 500, could be a bit overvalued, based on the slow economic recovery. The VIX did jump 13 percent today to 14.53, and is sporting the biggest gain on the year so far. The Euro also looked sluggish and slipped from recent highs against the dollar and yen on political uncertainty in Italy and rising unemployment in Spain.