Today we had a "perfect storm".
OEX P/C ratio 1.74 - close to bearish (1.8~2.0 is earish levels)
Bond yield went down - bearish for stock mkt.
Commodity index went down, US$ up, and Gold went up too. Some one is looking for safe heaven again?
Money flow out of financial sector.
DOW has reached .618 fib retrace level since last March. It is still too early to call trend change.
Happy trading.