The market opened flat and trended down most of the day.
It was interesting to see New High shoot up and new lows decrease. However, capitalized new highs shrank and new lows increased. Essentially, the smaller stocks kept the market afloat while the larger stocks kept trying to tip the boat over. It is only one day and the market is likely just blowing off some steam. Bearish divergences are still everywhere. Maybe we will start to see a pullback soon???? The air still seams pretty thin!
