Forget about the triangle, we are in a box - for now.
DBA made yet another record high, but how long can it hold on?
Metal and mining had a massive sell off, completely erased yesterday's gains. Has this sector topped? Better watch out for my MTL.
Energy sector, particularly oil, also had a sell off. ATW is in danger. Traders were busy taking profits (who can really blame them given such an edgy market). Note that NGS was pretty strong though.
We do need to remind ourselves that volatility is usually high at the top - which implies that market has more room to drop in future.
Many stocks were on the way to break out but only been dragged down by big market and had a reversal day: pity and sad.
IBD big volume up day: ICLR NEOG ATLS PQ AXYS NDAQ JRJC AFSI RIMM TITN SPW CALM BABY VCP TBSI -- so many??
Naz/Dow big volume day: RIMM PDCO KLAC