Editor's Note

The breakdown below 1,500 on the Russell could be a warning of weakness ahead. Unless that support break is immediately reversed it could trigger further selling. The A/D ratio on small caps today was 2:1 in favor of decliners. Also, the lack of market excitement and Dow 23,000 could be a challenge. There is no reason to expect a market decline but the Dow is very over extended and the touch of 23,000 could be a trigger for some profit taking. Without any forward momentum in the market there is no reason to put additional money at risk. If we were lucky enough to see a minor decline, it would be a buying opportunity.


No New Bullish Plays


No New Bearish Plays