THE CLOSE

Market had a chance to sell off today…AND DID NOT! But we are still in what we would call stalling/pullback mode.

Of note:

COMMODITIES continue to swoon. Oversold oils bounced a little but that’s all.

The RUSSELL continues lower underneath he 50 day average.

The TRANSPORTS fell below the 50 day average also…not the greatest of news.

And may we add, as we write this: 38 new highs on NYSE…107 new lows and on NASDAQ 66 new highs…63 new lows…hmmm!

A/D also pitiful today. This has been going on for a few days now.