With all of the major averages down 2% or more today, it is classified as a True Selling Day, the first such trading day since early July.  I also do not like the gap down through support in the Nasdaq. 
The cause of today’s concern was overnight trading in the China market, which was down sharply.  […]

U.S. Stocks closed out the week with losses on Friday, and the market’s 4 week winning streak was snapped.  However, the overall pattern is quite solid and still points to higher prices ahead.  The market is forming a small continuation pattern, and will head higher once it is broken to the upside. 
Ultimately, though, the market […]