Weakness After Yesterday's Session

Breadth was much poorer in yesterday’s session. Very few worthwhile stocks showed up in our scans. When this occurs it raises a red flag for us. We haven’t found such an occurrence to be an accurate long term indicator but it almost always spells out that a weak day or two of trading is upon us. For now we will wait it out and see if this turns into something uglier or if it will just lead to a few days of consolidation.