There is really not much has changed in the market since the last video on the SP500. It appears the market still in a pullback phase. This pullback is not much different than the one in the beginning of 2014. Yes, there are deteriorations within the market breadth. This is an indication of a weakening market, but not necessary an indication of a new bear market(yet). Until a top has been made and confirmed, no one knows the market has topped. In the meantime, wait until major support levels have been tested and broken before categorizing this pullback as a major correction. Continue to be patient and be defensive. Be mindful cash is a position.
Click here to view the video if you do not see a video player on your screen. And if you wish to see the charts and tweets I have posted on Twitter throughout this weekend, see this post for suggestions on how to do so.
