The market rebounded from yesterday's sell off but only recovered only a relatively small portion of the loss. All the major averages were up less than 1% and the Nasd barely moved. They all remain below their 200dma's and volume was lower than yesterday. I removed GMCR from the leaders index as it's drop today distorted the index. Even without it the index declined 1.20% on higher volume as several other components suffered losses. The market isn't acting that well this week and I believe a cautious approach is warranted. Jerry
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