A FEW NOTES ON MARKET

As we write this, Dow is down a measly 50 points, Nasdaq down 31. But…

We think it imperative to flush out any issues market is showing and even with a non-event of a pullback:

The TRANSPORTS are moving below the 50 day.

The RUSSELL 2000 is already rolling over and headed towards the 50, if not more.

Smaller and medium banks may be rolling over. (KRE) (KBE)

New highs vs new lows had been pathetic…and needs to be watched.

In no way are we saying end of the world is at hand. But…just a minor move down exposing these issues is noteworthy and goes into the file manager.