Sellers Make Their Mark

Heavy selling under major averages adds fuel to the Bears’ cause.

The technical picture has given us a new bearish look. But it’s not enough to shift our market bias down from Buyer’s Caution.

Let’s see how the week closes out. A more extensive analysis of the market is likely to reveal stronger signs of strengths and weaknesses.

It’s been a mistake to jump the gun too early in this choppy summertime market.

Stay tuned,

Dan (at)