Closing Comments (Short Term stuff)

Breadth was really bad today on both the NYSE (3-1 down volume) and the Naz (over 5.5 - 1 down volume). Banks in general continued to act poorly. We may be set up for a short term rally however, looking at short term charts. We have completed 5 TD waves down and have some TD Set Up support on a short term chart and on the daily chart... its also coming into end of month... and there is the usual mark up to consider. The Dollar also has registered a TD Sell Setup, which suggest a small pull back at least.