PRE MARKET

A little reversal yesterday but not a biggie but a few things noteworthy.

TRANSPORTS still aint happening and now a name like UNP rolls over. FDX hit hard this morning not going to help.

FINANCIALS were edging out of range but by the close, tucked their head in like a frightened turtle.

Notice how AAPL pulling back…pulled back the NASDAQ. Nothing wrong if it pulls back some more.

HOUSING aint happening. Small and mid still lagging decently.

Why do we mention these areas? Because it is easiest to isolate weakness when a market is ascending.

Fed day today…blah blah easy money!