We are in the midst of what looks like, until proven otherwise, a pullback in an up trend, and a buying opportunity. However, before I start gushing bullishness, the volume here should be noted. The end of day volume spike for last two weeks, with yesterday being an exception, are just about all red, which could well be a sign of the big money selling into strength. Today's leading sectors are XLK and XLB, lagging by the proverbial mile is XLE. The Nasdaq is leading big, the Russell 2000 is about even. Oil is down, gold up, treasury yields down.
I have 46 new highs, with breakouts in BVSN, FEIC, GCA, and FARO. I have reports from SNX, up 6.5%, and LEN, up 4%.
