Weak Action Continues

We will have our award winning, in-depth weekend report for you on Sunday, but in the meantime:

This is the place the major indices need to hold as the Dow, S&P and NASDAQ were defended at the 50 day average. The issue is that markets were much higher early in the day. Many growth leaders also sitting on support after pulling back. We suspect we will get a good answer on Fed day on whether the markets breaks down or hangs in there.