Not Much For Bull’s Cause

Lack of action for Monday’s trading did nothing to change our Sell Bias.

The 50-day moving averages are in play for the major indexes.

Price action at these levels will set our bias going forward.

We’re watching for volume clues to tell us what the institutions are up to.

After heavy selling the past four weeks this recent rally’s light volume doesn’t add up much for the Bull’s cause.