Wednesday, February 26, 2014

Overhead Resistance Holds...2.26.14

Forays into new index highs were met with selling pressure despite a few pockets of strength in individual stocks.  The VIX reared up 5% pulling solidly into the 14's....not bullish.

The best hope for the bulls right now is the fast approaching end of the month...typically bullish.

We continue to see multiple double tops and signs of weakness in the energy sector as the financials continue to display no mojo.