The Big Fat D


Bear takes the ball as distribution across the market coupled with a 50-day sma test for the S&P 500 has everyone looking down.

Fifty-day averages are in play. Closes below these markers will have us looking to shift the bias down to Bearish from Neutral.

It’s quick turns like this that kept us out of a Bullish bias going in.

Lone long in WCIC experienced no distribution. Homebuilders as a group are hanging tough.

More later.