THE WEEKEND

Just reporting the news:

All major indices are BELOW the 50 day moving average.

The SOX has pulled an Eiffel Tower move.

Fewer and fewer areas and fewer and fewer stocks are working.

Leading groups are utilities, reits, consumer staples…and a bunch of software names still working. But…mostly defensive areas leading any charge.

OILS yikes…and most commodities…!

Foreign markets blah.

10 year at 2.324 and that is up from the lows.

There is always tomorrow but…the 200 day had better not be breached for the major indices..