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Sellers Make Their Mark

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY

Heavy selling under major averages adds fuel to the Bears' cause.

The technical picture has given us a new bearish look. But it's not enough to shift our market bias down from Buyer's Caution.

Let's see how the week closes out. A more extensive analysis of the market is likely to reveal stronger signs of strengths and weaknesses. It's been a mistake to jump the gun too early in this choppy summertime market.

Stay tuned,
Dan (at)

Disclosure: Short: DECK, TEX