Slight Distribution

Sellers dominated the day, though were only a touch stronger than yesterday as only the Nasdaq posted Distribution. Maybe the lighter volume from the Jewish holiday yesterday should weigh in here. Dunno.

Looking for a reason? Economic bellwether FedEx (FDX) fell 3% as the company reduced its full-year profit guidance. Sure, that’s it.

Tomorrow we monitor for signs the sell off is either loosing or picking up steam. We’re staying Bulls until proven otherwise.